BlackRock says shareholder proposals can be valuable, cites cost
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BOSTON (Reuters) - BlackRock Inc cited the value and costs of shareholder proposals in a letter to regulators weighing reforms to the proxy process, and did not specifically comment on ideas like raising the current $2,000 threshold needed to file some resolutions. In the letter dated Feb. 3 and provided by a BlackRock spokesman on Thursday, the top asset manager wrote that "Shareholder proposals can be a valuable part of an investment stewardship process, however, it should be acknowledged..