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  • April 2023
  • Case
  • HBS Case Collection

Strive Asset Management

By: Suraj Srinivasan, Lynn S. Paine and Aldo Sesia
  • Format:Print
  • | Language:English
  • | Pages:23
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Abstract

Strive Asset Management, which launched in 2022, was actively targeting several leading U.S. companies in the upcoming 2023 proxy voting season to stop acquiescing to those large asset managers and other institutional shareholders who were pressing those companies to take actions with regards to their environmental and societal concerns. Strive believed that responding to these demands was a distraction and did not increase shareholder value. The case describes the environment, social, and governance (ESG) movement, including the increasing role of shareholder resolutions to address ESG concerns, and the role large asset managers (BlackRock Inc., State Street Global Advisors, and Vanguard Group) were playing in driving ESG agendas.

Keywords

ESG; Shareholder Activism; Asset Management; Investment Funds; Corporate Governance; Risk Management; Climate Change; Diversity; Equity; Financial Services Industry; United States

Citation

Srinivasan, Suraj, Lynn S. Paine, and Aldo Sesia. "Strive Asset Management." Harvard Business School Case 123-088, April 2023.
  • Educators

About The Authors

Suraj Srinivasan

Accounting and Management
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Lynn S. Paine

General Management
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    Critical Choices in Designing a Board: An Overview

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    What Board-level Control Mechanisms Changed in Banks Following the 2008 Financial Crisis? A Descriptive Study

    By: Shelly Li, Shivram Rajgopal, Suraj Srinivasan and Yu Ting Forester Wong
More from the Authors
  • Governing Sustainability in a Shifting Context By: Lynn S. Paine
  • Critical Choices in Designing a Board: An Overview By: Suraj Srinivasan and Lynn S. Paine
  • What Board-level Control Mechanisms Changed in Banks Following the 2008 Financial Crisis? A Descriptive Study By: Shelly Li, Shivram Rajgopal, Suraj Srinivasan and Yu Ting Forester Wong
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