FSC Guidance Note 56 - Principles of Internal Governance and Asset Stewardship

Oct 3, 2026

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FSC Guidance Note 56 outlines principles guiding internal governance and asset stewardship within BlackRock Investment Management (Australia) Limited (BIMAL). It explains BIMAL’s fiduciary role, regulatory status, and investment-management responsibilities, then details five culture-based fundamentals: fiduciary commitment, a unified “One BlackRock” approach, passionate performance, emotional ownership, and commitment to a better future. The note also describes how organizational oversight, internal control tone from leadership, management committees, and governance structures are used to embed integrity, competence, risk ownership, and compliance into day-to-day practice.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages17

Reading Time43 min

AccessFree to download

Organisational and Investment Approach

Distinguishing features and client objectives

Ownership, Management and Governance

Organisational Structure

FSC Guidance Note 56 – Principles of Internal Governance and Asset Stewardship BlackRock Investment Management (Australia) Limited As at 30September 2026 NM0926U-5974024-1/17 1 Organisational and Investment Approach Distinguishing features and client objectives Blackrock, Inc.’s (“BlackRock”,“we”,“us”) purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2026, the firm managed approximately USD$15 trillion in assets on behalf of investors worldwide. BlackRock Investment Management (Australia) Limited (“BIMAL”), a subsidiary of BlackRock, Inc., provides investment management services to retail and institutional clients and acts asa Responsible Entity (“RE”) for Australian registered managed investment schemes. BIMALis an entity regulated by the Australian Securities and Investments Commission (ASIC) and holder of an Australian Financial Services Licence. At BlackRock our mission is to create a better financial future for our clients. As we pursue that mission, we are guided by our culture and a set of five fundamental principles that express the firm’s core values, aspirations and culture language – lived and embraced by every employee at our firm. These are: We Are a Fiduciary to Our Clients. Our clients’ interests come first. The fiduciary mindset is the bedrock of our identity. It reflects our integrity and the unbiased advice we give our clients. And it’s what inspires us to come to work every day and help people build better futures. We Are One BlackRock. We work collaboratively, without silos and without turf, to create the best outcomes for our clients, our firm, and the communities where we operate. • A diverse workforce is indispensable to our creativity and success. It’s how we answer the biggest questions and solve the toughest problems. • A connected and inclusive culture makes us thrive. It enables us to draw on expertise and unique experiences from across the firm and bring out the best in each other. • Aladdin unifies us, creating a common language for us to interpret the world, the markets, and our clients’ needs. NM0926U-5974024-2/17 We Are Passionate About Performance. We are relentless about finding better ways to serve our clients and improve our firm. Since our founding, innovation has been at the center of how we deliver performance and stay ahead of our clients’ needs. • We have continually reinvented our firm and our industry to help people achieve their goals. • We are lifelong students – of markets, of technology, and of the world. We Take Emotional Ownership. The people we serve entrust us to help them prepare for the future. Our culture is defined by the deep sense of responsibility we feel to our clients and to each other. • In everything we do – from the investment performance we deliver to the technology we develop – we are emotionally invested in our clients’ futures. • We are equally invested in the success of our firm and our colleagues. We hold ourselves and each other to the highest standards of excellence. We Are Committed to a Better Future. We are long-term thinkers, focused on helping people build a better tomorrow. We are deeply invested in the success of all of our stakeholders – our clients, our employees, our shareholders, and the communities where we operate – and we run our business sustainably and responsibly. • At the companies we invest in for our clients, we advocate for sustainable and responsible business practices that drive long-term value. • We always strive to serve more people, and to find new and innovative ways to help them achieve financial well-being. A fiduciary culture is set from the tone at the top and we communicate clear expectations for a firm and its employees, including; a commitment to integri

FAQs

What is BIMAL’s role within the Australian managed investment schemes framework?

BIMAL provides investment management services to retail and institutional clients and acts as a Responsible Entity for Australian registered managed investment schemes.

Which five fundamental principles guide BlackRock’s culture and values in the guidance?

The five principles are: We Are a Fiduciary to Our Clients; We Are One BlackRock; We Are Passionate About Performance; We Take Emotional Ownership; and We Are Committed to a Better Future.

How does the document describe governance and oversight for BIMAL?

BIMAL’s strategy, management, and operations are overseen by the BIMAL Board, board delegated committees, and management committees, which work to establish an appropriate control environment and tone at the top under senior management oversight.

Oct 3, 2026

Upload by sagouaw