Investors turn to voting power to take stand on women on boards | The Star

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 per cent 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 per cent of seats.Standard Life voted Thursday against the Herald Investment Trust because its board has no women, a spokesperson said. Among the FTSE 250, Herald has one of 11 all-male boards, a group that’s grown from eight earlier this year.

Source: Investors turn to voting power to take stand on women on boards | The Star

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