(Updates to add BlackRock's comment in third paragraph.)
BlackRock (BLK) has resumed meetings with leaders of its portfolio companies after reviewing new reporting rules from the US Securities and Exchange Commission, Reuters reported Friday, citing a statement from a company representative.
BlackRock said it has now resumed "stewardship engagements" after temporarily pausing the talks to assess new guidance, which requires fund firms to provide more extensive ownership disclosures when they pressure portfolio companies over certain environmental, social, or governance matters, according to the report.
The asset manager told MT Newswires that it "does not use engagement as a way to control publicly traded companies" and that it is complying with the new requirements.
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