LGIM to vote against FTSE 350 boards that do not have 25% female representation

Voted against 37 board chairs in 2017 on poor diversity

Natalie Kenway
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LGIM pushes diversity and climate change in UK companies
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LGIM pushes diversity and climate change in UK companies

L&G Investment Management (LGIM) is to begin voting against the chairs of boards of FTSE 350 companies if they do not have a 25% female representation at board level, as it revealed it voted against 37 board chairs in the UK in 2017 due to the lack of diversity.

In its annual Corporate Governance report, the firm said overall it had increased its votes against management last year, opposing the reappointment of 2,807 company directors and voted against at least...

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