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Investment giants demand more diversity on FTSE boards

Investment giants demand more diversity on FTSE boards   BlackRock and Goldman threaten to vote out all-white boards after Black Lives Matter prompts soul-searching 1 January 2021 • 5:00pm Investment titans have vowed to vote out UK boards that fail to make progress on ethnic diversity after Black Lives Matter protests sparked “soul-searching” in the City. BlackRock, Goldman Sachs Asset Management and Federated Hermes plan to ramp up the pressure on firms in the coming year and vote to oust directors failing to back diversity in the wake of the global protests, The Telegraph can reveal. The investment giants - which manage assets worth trillions of pounds - will respond to growing concerns of glacial progress on the issue in the Square Mile.

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