BlackRock Board of Directors: 5 Must-Know Members

BlackRock, the world's largest asset manager, is led by a diverse and experienced board of directors. These 12 individuals oversee the company's strategy, risk management, and corporate governance.

Here are 5 of the most influential members of the BlackRock board of directors:

1. Larry Fink (Chairman and CEO)

Larry Fink is the co-founder and CEO of BlackRock. He has led the company since its inception in 1988 and has grown it into a global powerhouse with over $10 trillion in assets under management. Fink is a respected figure in the financial industry and is known for his long-term investment approach.

2. Rob Kapito (President)

Rob Kapito is the president of BlackRock. He joined the company in 1995 and has held various leadership roles, including head of the fixed income group and head of global active investing. Kapito is responsible for the day-to-day operations of BlackRock and is a key member of Fink's management team.

3. Geraldine Buckingham (Lead Independent Director)

Geraldine Buckingham is the lead independent director of BlackRock. She is a former CEO of Zurich Insurance Group and has also served on the boards of several other public companies. Buckingham is a respected corporate governance expert and is responsible for ensuring that BlackRock's board is independent and accountable.

4. Robert Steel (Director)

Robert Steel is a director of BlackRock. He is a former chairman of the U.S. Securities and Exchange Commission (SEC) and has also served as a senior executive at several other financial institutions. Steel is a leading expert on financial regulation and is a valuable member of BlackRock's board.

5. Fayez Sarofim (Director)

Fayez Sarofim is a director of BlackRock. He is a renowned investor and philanthropist who has been involved in the financial industry for over 50 years. Sarofim is a close friend of Larry Fink and is a key advisor to BlackRock's management team.

The Role of the BlackRock Board of Directors

The BlackRock board of directors has a number of important responsibilities, including:

• Overseeing the company's strategy
• Managing the company's risk
• Ensuring the company's compliance with all applicable laws and regulations
• Protecting the interests of the company's shareholders

The board of directors meets regularly to discuss these and other issues. The board also has a number of committees, such as the audit committee, the compensation committee, and the nominating and governance committee, which help to oversee the company's operations.

The Importance of the BlackRock Board of Directors

The BlackRock board of directors plays a vital role in the company's success. The board provides independent oversight of the company's management team and helps to ensure that BlackRock is operating in the best interests of its shareholders. The board also helps to protect the company from risk and ensures that it is in compliance with all applicable laws and regulations.

Conclusion

The BlackRock board of directors is a diverse and experienced group of individuals who are committed to the success of the company. The board plays a vital role in overseeing the company's strategy, managing its risk, and ensuring its compliance with all applicable laws and regulations. The board also helps to protect the interests of the company's shareholders.

Frequently Asked Questions

What is the size of the BlackRock board of directors?

The BlackRock board of directors has 12 members.

Who is the chairman of the BlackRock board of directors?

Larry Fink is the chairman of the BlackRock board of directors.

What is the role of the lead independent director of BlackRock?

The lead independent director of BlackRock is responsible for ensuring that the board is independent and accountable.

What are the responsibilities of the BlackRock board of directors?

The responsibilities of the BlackRock board of directors include overseeing the company's strategy, managing its risk, ensuring its compliance with all applicable laws and regulations, and protecting the interests of the company's shareholders.

How often does the BlackRock board of directors meet?

The BlackRock board of directors meets regularly to discuss important issues facing the company. The board also has a number of committees, such as the audit committee, the compensation committee, and the nominating and governance committee, which help to oversee the company's operations.