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LGIM piles pressure on boardroom diversity and pay
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Legal & General Investment Management, the UK’s largest fund management group, ramped up its opposition to companies falling short on boardroom diversity last year, voting against 370 director appointments at firms that failed to meet its expectations.
LGIM, which oversees some £1.4tn of assets, significantly increased votes against board directors in North America, where it voted against 102 directors at companies with poor diversity records, up from 31 in 2020.
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