UK: Federated Hermes EOS to crack down on diversity laggards

Article here. Excerpt:

'The letter also noted the importance of gender diversity, noting recommendations from the Hampton-Alexander review of 33% female representation on FTSE 350 boards by 2020.

EOS said it would consider recommending voting against chairs at companies that fall below this level in 2021, as well as non-FTSE 350 firms with no women on the board.

Further, it will continue to recommend voting against chairs of FTSE 100 companies with an all-male executive committee and will now encompass those with "materially less than 20% female representation in the combined population of the executive committee and its direct reports".'

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