The CIG has tightened its voting policy in three main areas:
Executive pay
The CIG will review fairness in the workplace and will withdraw support for remuneration reports where pay ratios are not disclosed, Chief Executive pensions are excessive, or where financial services or pharmaceutical companies do not pay the living wage.
Gender diversity
CIG members will now vote against the re-election of nomination committee chairs where the board has less than 33% women and it will vote against all directors on the nomination committee where less than 25% of board directors are women.
Climate change
CIG members now vote against the re-election of the company chair when a company is making little progress to transition to a low carbon world….