{"id":46307,"date":"2023-11-28T22:43:16","date_gmt":"2023-11-29T03:43:16","guid":{"rendered":"https:\/\/nationalcenter.org\/?p=46307"},"modified":"2023-12-14T14:31:01","modified_gmt":"2023-12-14T19:31:01","slug":"stefan-padfield-are-the-big-5-liars","status":"publish","type":"post","link":"https:\/\/nationalcenter.org\/ncppr\/2023\/11\/28\/stefan-padfield-are-the-big-5-liars\/","title":{"rendered":"Stefan Padfield: Are The Big 5 Liars?"},"content":{"rendered":"
The “Big 5” of corporate governance — BlackRock, Vanguard, State Street, ISS and Glass Lewis — are, without a doubt, carrying water for the left.<\/p>\n
In a commentary<\/a> published by Newsmax, Free Enterprise Project<\/a> Associate Stefan Padfield<\/a> wonders if the Big 5’s insistence that they are instead politically neutral is blatant dishonesty or simple ignorance.<\/p>\n Read Stefan’s commentary in full below.<\/p>\n In corporate governance, the \u201cBig 5\u201d are made up of the three asset managers that have been documented as together constituting \u201cthe largest shareholder in 88% of S&P 500 firms\u201d (BlackRock, Vanguard and State Street), and the two proxy advisors that \u201cmake up an estimated 97% of the proxy advisory market\u201d (Institutional Shareholder Services [ISS] and Glass Lewis).<\/p>\n
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