Legal & General Investment Management released its updated North America Corporate Governance and Responsible Investment Policy, which sets forth its expectations of portfolio companies on a broad range of environmental, social, and governance topics. Changes from the 2023 policy encompass board leadership and composition, board effectiveness, shareholder proposals, sustainability disclosure, and other topics, as summarized here.The North America-specific policy should be reviewed in the context of LGIM’s Global Corporate Governance & Responsible Investment Principles, which sets forth its big picture expectations applicable to portfolio companies regardless of jurisdiction.
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