February 3, 2020
This rule change should be enacted to protect investors.
I submit this comment after reading a Times article that shared the plan of BlackRock's CEO Larry Flint to "vote against management and board directors when companies are not making sufficient progress on sustainability-related disclosures and the business practices and plans underlying them."
His plan, most likely to utilize proxies to his advantage, to accomplish his goal - even if the current management and board of a company is producing results for investors - is disturbing. Further, it is exactly why this rule change must be made.