Big Investors Push Harder for More Women Directors
- Gender balance takes on new urgency after pay-gap disclosures
- Targets vary from 20% to 30% women, or “at least two”
Photographer: Robert Daly/OJO Images RF via Getty Images
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Emboldened by last year’s successful campaigns against excessive executive pay, some of the world’s biggest investors are shifting their focus to women -- or the lack thereof -- on corporate boards.
Legal & General Investment Management is the latest institution to say it will vote against boards that are not at least 25 percent female. Standard Life Aberdeen Plc, one of Britain’s largest fund management groups, has said it will vote against boards where men hold more than 80 percent of seats.