UK fund wields vote to demand more diversity | Malay Mail

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LONDON, Oct 5 — Legal and General Investment Management (LGIM), one of Europe's largest asset managers, will use its voting power to force top firms to hire more ethnic minorities, it emerged yesterday. “We have initiated a new engagement campaign that specifically engages FTSE 100 and S&P...

Screengrab from the Legal and General Investment Management internet portal legalandgeneralgroup.com.

“We have initiated a new engagement campaign that specifically engages FTSE 100 and S&P 500 companies that do not have ethnically diverse directors on the board,” the fund said in a report.

 

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