How many investors who own an S&P 500 fund are going to take the time to vote all 500 stocks?
I believe Blackrock defaults to the board recommendations.
You can only vote if you own their stock directly. (Each of the 500 individually and not bits and pieces via a broker’s fund of 500)
“I believe Blackrock defaults to the board recommendations.”
BlackRock drives the “recommendations”.
BlackRock wants to make you a peasant, essentially locked into your 15 minute ‘hood.