BlackRock takes middle ground on shareholder resolution reforms

NEW YORK (Reuters) - BlackRock Inc cited the value and costs of shareholder proposals in a letter to regulators weighing reforms to the proxy process, taking a middle ground in a hotly contested rulemaking process.BlackRock's comment letter to the U.S. Securities and Exchange Commission, provided by a spokesman on Thursday, did not specifically address controversial ideas like raising the current threshold of $2,000 worth of stock needed to file some resolutions.Instead in the letter, dated..