LGIM to vote against FTSE 350 boards with below 25% female representation

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 one resolution at 59% of companies in a bid to promote positive change in issues such as climate change, diversity, long-term strategy and shareholder rights. Within this it voted against 37 board chairs or chairs of nomination committees in the UK due to poor diversity, the highest number since 2015. LGIM also voted against all-male boards for the first time in S&P 500 companies, on b...