BlackRock looks for middle ground on shareholder resolution reforms
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NEW YORK (Reuters) - BlackRock Inc has cited both the value and costs of shareholder proposals in a long-awaited letter to regulators weighing reforms to the proxy process, effectively looking for a middle ground in a hotly contested area of U.S. rulemaking.The letter provided by a spokesman for the world's largest asset manager on Thursday was just one of thousands of backlogged comments to the U.S. Securities and Exchange Commission (SEC) that were due on Monday and still being posted to the..