FTSE 250 firms with all-male boards under fierce investor scrutiny

FTSE 250 constituents that have failed to appoint at least one woman to their board are likely to face tough times at their upcoming AGM.

Major asset managers such as Aviva, Old Mutual, Legal & General Investment Management (LGIM) and Hermes Equity Ownership Services are likely to reject company reports and accounts from firms with all-male boards, reports the Financial Times.

‘Since the introduction of the Davies report, LGIM has been engaging with FTSE-listed companies to try to improve diversity at board level,’ explains LGIM’s international ESG manager Clare Payn to IR Magazine. ‘LGIM believes a company with a diverse board will be more effective and can lead to better decision-making. The report was focused on FTSE 100 companies, but we believe FTSE 250 companies could also benefit from having more diverse boards so we have been engaging with these companies over the past year.’

Hier geht's zum Artikel, erschienen im IR Magazine.