chairmen: A year earlier the asset manager only voted against 37 UK chairmen, according to The Guardian. This also marked a significant rise on 2016, when just 13 chairmen were targeted for falling below targets aiming to see women make up 25% of the company's board. Legal & General Investment Management, which manages more than 1tn in assets, more than doubled the number of protest votes cast in 2018 over a lack of gender diversity. The benchmark meant LGIM voted against the re-election of Sports Direct's ex-chair Keith Hellawell, Barclays' chair John McFarlane, and Nicholas Ferguson of Savills estate agents. Ray Kelvin has been accused of acting inappropriately towards staff, with behaviour including forced hugs and ear kissing. It also cast a vote against David Bernstein, the chairman of Ted Baker, which has been dealing with allegations of misconduct by its former chief executive.
(news.financializer.com). As
reported in the news.
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