BlackRock hits back at ShareAction report while halting meetings with investee companies
The asset manager championed its voting record while simultaneously backing away from engagement meetings
Governance
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Asia sees the light on ESG
Fund managers say those Asian businesses forging ahead on sustainable investing are largely self-motivated rather than responding to governmental initiatives
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UK retail equity ownership the lowest in the G7 as abrdn urges action
abrdn has called on the government to address the UK’s risk culture and boost retail participation in financial markets
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Wealth manager Q&A with Mark Ivory: Junk the jargon
Head of portfolio management at Adam & Company on simplifying industry terminology, the dominance of the US and addressing imbalances in financial literacy
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Wealth manager Q&A with Dr Sarah Ruggins: Diversification discipline
Dr Sarah Ruggins, head of investment specialists at St. James’s Place, on cognitive diversity, financial inclusion and the avoidance of group-think
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Reboot: Over a quarter of employees report elimination of diversity-focused role in past two years
70% described leadership as ‘actively resistant’ to ethnic and racial diversity initiatives
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bfinance: Just 4% of asset managers majority-owned by ethnic minorities
78% of investor clients call manager diversity ‘irrelevant’ in selection
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Everyone Matters: Diverse thinking needed to address poor leadership
Survey found that corporate culture, inclusion, company values and sustainability are highly valued by financial services employees
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Investment Association updates executive pay guidelines
IA simplifies guidelines to reflect ‘evolving practices in the market’
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IQ-EQ’s Bagshaw: The asset management industry must do more to fuel female success
Caroline Bagshaw highlights the initiatives firms should adopt to move the needle towards better diversity, equity, and inclusion
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Reboot: Financial services staff disappointed with firms’ race riot response
Very little has changed since BLM movement, Reboot survey finds
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Diversity Project Europe: Just 20% of asset managers track social mobility
Ratio of women in asset management declines with seniority