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In contrast to the growing trend among institutional investors to eliminate expectations for gender and racial or ethnic board diversity for US company directors (reported, e.g., here, here, here), Legal & General Asset Management, in its 2026 global diversity principles, continues to explicitly prioritize diversity by indicating it will vote against the nomination committee chair (1) at all listed companies where women make up less than one-third of the board, (2) at S&P 500 companies that lack women on the executive leadership team, and (3) at Russell 1000 companies that have no ethnic minority representation on the board.
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