Larry Fink Followup to 2016 Letter to CEOs

Larry Fink, Chief Executive of $5.7 trillion dollar investor Blackrock recently wrote a follow up to his widely circulated 2016 letter to CEOs. He emphasizes several key themes:

  • Companies should expect increased involvement from long term investors (Blackrock is doubling their investment stewardship team)
  • Company strategies should be articulated to investors and Boards should have a critical role to play in strategy development
  • It’s important to have a diverse Board
  • Companies should serve a social purpose and make a positive contribution to society