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

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...

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