– A survey by the UN-backed Principles for Responsible Investment initiative found institutional investors managing more than $2trn in assets identified executive remuneration, climate change and supply chain labour standards as priority areas for engagement over the coming year.
– In another sign of the strength of this year’s Shareholder Spring, the ‘Glenstrata’ deal looks increasingly likely to fail. If so, it will mark the third high-profile example in recent years of shareholders scuppering major deals for FTSE 100 companies.
– The European Commission is moving ahead with plans to introduce gender quotas requiring at least 40% of non-executive positions on boards to be held by women at listed companies with over 250 employees or more than €50m in revenue.
– Meanwhile, an Ernst & Young study revealed factors other than the glass ceiling, including age, lack of role models, motherhood and qualifications and experience, have prevented women from entering boardrooms.
– BoardWatch found no women have been appointed to FTSE 100 board this year and less than 5% of potential positions have been appointed to women in the last two years.
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