Persimmon, BP and Tui among those warned that investors are ‘becoming restless’
Some of the UK’s biggest stock market-listed companies including the oil giant BP, the housebuilder Persimmon and the travel firm Tui have been criticised for their lack of women in leadership roles and could face investor revolts in the coming months.
The Investment Association, which represents fund managers who collectively own a third of all FTSE-traded shares, warned that investors were “becoming restless”, as the AGM season got under way.
One of the biggest investors in the UK stock market, Legal & General Investment Management, on Tuesday announced it would step up pressure on companies by voting against the chairs of FTSE 350 firms at annual meetings this year if their boards were not at least 25% female.
www.theguardian.com
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