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BlackRock tells US boards to target 30% diversity

Boards of US companies will be expected to feature at minimum two women and one member who identifies as a minority

New voting policies from the world's largest asset manager focus on board representation
New voting policies from the world's largest asset manager focus on board representation Photo: Spencer Platt/Getty Images

BlackRock has set out new expectations for boardroom diversity at US companies.

The $9.5tn asset manager detailed its 2022 voting guidelines on 14 December, saying it expects boards to aim for “30% diversity”, including two or more women and at least one who identifies as a member of an underrepresented group.

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