Asset managers up pressure on UK firms to improve gender diversity

Implementing in-house targets

Some 42% of asset managers have made a voting decision based on a firm's gender diversity, according to research by the Investment Association (IA), as it urged firms not to ignore the topic.

In its latest Stewardship Survey, which covered the first half of 2018, the IA found asset managers were more likely than ever before to take action if they did not see enough progress on gender diversity.  'The industry must act': Research highlights ten ways to improve diversity in portfolio management  The survey collected responses from 59 firms managing more than £5.6trn of assets in the UK, addressing issues such as executive pay, company strategy and financial performance. Over half of asset managers surveyed said they engaged with UK companies on gender diversity and 42%...