The objective of this study was to gain increased knowledge regarding BlackRock’s ability to influence their Swedish owned companies. The scope of this thesis has been to study eight companies where BlackRock have holdings. The actions of BlackRock are studied from two approaches, direct influence and indirect influence based on the literature review. The direct influence is a formal approach, including information regarding BlackRock’s participation in the nomination committee, the board of directors and their votes during the annual general meetings. The indirect influence consists of non-legal binding activities and includes information regarding BlackRock’s use of broad-based communication in form of CEO letter, where interpretations of the CEO letter have been compared to the studied companies’ annual reports. The study uses a qualitative method strategy with a deductive approach, together with data triangulation. The collected results and the analysis showed that BlackRock uses both direct and indirect methods to influence and deviates from the Swedish corporate code of governance in their methods of influence. One of the conclusions was that BlackRock, with their CEO letter, managed to influence their owned companies in regards to sustainability reporting according to SASB och TCFD framework.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:uu-482554 |
| Date | January 2022 |
| Creators | Chan, Mary, Pettersson, Malin |
| Publisher | Uppsala universitet, Företagsekonomiska institutionen |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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