The Pensions and Lifetime Savings Association publishes topical questions to aid trustees in considering the effectiveness of their managers’ stewardship activity. We encourage funds to ask these questions during their regular manager reviews in an effort to understand their managers’ approaches and activities and to ensure that they are adhering to the stewardship policies.
TOPICAL QUESTION FOR YOUR MANAGER
Background – The Business, Innovation and Skills Parliamentary Select Committee has issued a consultation looking at corporate governance issues* including Director’s duties and boardroom diversity
Question – How do you ensure that the Directors of investee companies fulfil their responsibilities to run the company for the benefit of its members while having regard for other stakeholders, including workers, customers and the wider community? Can you give examples of cases where you have successfully engaged with a company in order to improve the diversity of gender, social background and professional experience at boardroom level?
*(to feed in to the PLSA’s consultation response, contact Policy Lead for Corporate Governance and Stewardship, Luke Hildyard via [email protected])
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Read previous questions here.