Asset managers commit to executive pay engagement following LGIM's decision to end feedback

Prioritisation is important

clock • 4 min read
Asset managers continue to campaign on executive pay
Image:

Asset managers continue to campaign on executive pay

Large asset managers have continued to campaign on executive pay despite Legal & General Investment Management’s (LGIM) decision to no longer consult on renumeration and instead focus on its “wider ESG work”. Commentators have acknowledged the need to prioritise stewardship activities, but noted that renumeration remains an important area of discussion.

Last month the Financial Times saw a letter in which Legal & General noted that, for over a decade, its asset management arm has responded to companies consulting with the firm about proposed changes to...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

The company had previously predicted that global ESG assets would surpass $50trn by 2025
ESG

Bloomberg Intelligence upgrades ESG predictions for 2025

ESG assets could reach $41trn this year

clock 24 January 2022 • 1 min read
Staff at the regulator have raised several concerns, including pay cuts and a rushed consultation process

FCA staff to vote on strike action following regulator refusal to negotiate

CEO Rathi dismissed concerns as ‘noise’

James Baxter-Derrington
clock 24 January 2022 • 2 min read
The energy sector is the biggest contributor to portfolio temperature rises
ESG

MSCI: Energy sector biggest risk to aligning portfolios with climate goals

Among 'most emission-intense' sectors

clock 24 January 2022 • 2 min read
Trustpilot