Pamela Daley
BlackRockAbout Pamela Daley
Pamela Daley (age 72) is an independent director of BlackRock, Inc. (BLK) with 11 years of tenure. A former Senior Vice President of Corporate Business Development at General Electric (GE) and ex-partner at Morgan, Lewis & Bockius, she brings deep transactional, finance, strategy, and global operations expertise. At BLK, she chairs the Audit Committee and serves on the Management Development & Compensation Committee (MDCC), Executive Committee, and Risk Committee .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| General Electric (GE) | Senior Advisor to Chairman | Apr–Dec 2013 | Advisory role to GE Chairman |
| General Electric (GE) | Senior VP, Corporate Business Development | 2004–2013 | Led global M&A and divestitures |
| General Electric (GE) | Vice President & Senior Counsel for Transactions | 1991–2004 | Senior legal lead on complex transactions |
| Morgan, Lewis & Bockius | Partner | Not disclosed | Specialized in cross-border, tax-oriented financings |
External Roles
| Organization | Role | Tenure | Committees/Notes |
|---|---|---|---|
| BP p.l.c. | Director | 2018–present | Public company directorship |
| SecureWorks Corp. | Director | 2016–2025 | Public company directorship |
Board Governance
- Independence: The Board determined Daley is “independent” under NYSE standards; review considered relationships and found none material .
- Committee assignments: Audit (Chair), MDCC (member), Executive (member), Risk (member) .
- Attendance and engagement: In 2024, the full Board met 10 times; each director attended at least 75% of Board and applicable Committee meetings; all directors nominated for re‑election in 2024 attended the 2024 Annual Meeting .
- Lead Independent Director: Murry S. Gerber is Lead Independent Director .
- Committee refreshment: Daley appointed to MDCC effective May 15, 2024 (subject to re‑election) .
| Committee | Role | 2024 Meetings Held |
|---|---|---|
| Audit | Chair | 15 |
| MDCC | Member | 8 |
| NGC | — | 6 (not a member) |
| Risk | Member | 6 |
| Executive | Member | 3 |
Fixed Compensation
| Element | Amount | Details |
|---|---|---|
| Annual Board Retainer (2024) | $85,000 (Q1–Q3) / $100,000 (Q4) | Paid quarterly; directors may elect stock or deferred stock units for retainers . |
| Committee Annual Retainers | Audit: Chair $40,000; Member $25,000. MDCC/NGC/Risk: Chair $30,000; Member $15,000 | Paid quarterly; stock election allowed . |
| Annual Equity Grant (Jan 2024) | $240,000 deferred stock units (DSUs) | Vests upon election/re‑election at 2024 Annual Meeting; settled earlier of 3rd anniversary or Board departure, with installment options . |
| Pamela Daley – 2024 Actual Director Compensation | Amount ($) |
|---|---|
| Fees Earned or Paid in Cash/Stock | $154,554 |
| Stock Awards (Annual DSUs) | $239,648 |
| Total | $394,201 |
| Note: Daley elected to receive $154,554 of retainers in common stock | $154,554 |
Performance Compensation
| Performance Metric in Director Pay | Structure | Notes |
|---|---|---|
| None disclosed for directors | Annual DSUs and retainers | Emphasis on equity via DSUs; vesting tied to election/re‑election; no performance hurdles described for director equity grants . |
Other Directorships & Interlocks
| Item | Details |
|---|---|
| Current public boards | BP p.l.c. (2018–present); SecureWorks Corp. (2016–2025) |
| MDCC interlocks | Proxy states no related person transactions requiring disclosure for MDCC members in 2024; no interlocks involving BLK executive officers as described . |
Expertise & Qualifications
- Senior executive & corporate governance; global business; public company & financial reporting; sustainability .
- Over 35 years of transactional experience; 20+ years as GE executive; deep strategy, finance, and international operations perspective .
Equity Ownership
| As of March 28, 2025 | Shares/Units | % of Outstanding | Total |
|---|---|---|---|
| Common Stock Beneficially Owned | 5,191 | * (less than 1%) | — |
| Deferred/Restricted Stock Units and Stock Options | 873 | — | — |
| Total (shares + units listed) | 6,064 | — | — |
- DSUs outstanding (Dec 31, 2024): 4,207 for Daley .
- Director ownership guidelines: Minimum $500,000 within five years; “All directors have met or are on track” .
- Hedging/pledging: Prohibited for directors (no margin accounts, no pledging, no hedging) under BLK’s Global Insider Trading Policy .
Governance Assessment
- Board effectiveness: Daley’s Audit Chair role and transactional pedigree strengthen financial reporting oversight and risk/compliance scrutiny; Audit Committee affirmed the 2024 10‑K inclusion following PCAOB/SEC‑required discussions with Deloitte .
- Independence & conflicts: Board’s 2025 review found Daley independent with no material relationships; related‑party transaction policy requires NGC/Board approval for transactions >$120,000, and MDCC disclosed no related person transactions for its members in 2024—a positive indicator for conflict management .
- Alignment: Director pay emphasizes equity via DSUs; Daley elected stock for retainers and holds DSUs, supporting long‑term alignment. Ownership guidelines and anti‑hedging/pledging rules further reinforce alignment and reduce red‑flag risks .
- Engagement: Board/committee attendance thresholds met; directors attended the 2024 Annual Meeting; committee refreshment added Daley to MDCC to leverage her audit/finance acumen—signals active refreshment and engagement .
- RED FLAGS: None evident from disclosed materials—no pledging (prohibited), no related‑person transactions disclosed for Daley via MDCC disclosures, and independence reaffirmed. Monitor outside board ties (e.g., BP) for ordinary‑course relationships; BLK’s independence framework treats ordinary‑course transactions under materiality thresholds as non‑material .