In the months since her arrival at Church House next door to Westminster Abbey, Ms Minghella has added to Sir Andreas’s legacy. Observers say she is hard-nosed when it comes to numbers, has a low tolerance for bad corporate behaviour and is uncompromising on issues such as gender diversity.
“We are looking for companies to have 30 per cent gender diversity on their boards. If they haven’t, we will be looking at chairs of nominations committees and actually not approving one or two of them,” she says.
“It’s the right thing to do, but it’s also the smart thing to do when it comes to investments.”
Our meeting takes place as the debate rages about investments in gun companies after the Florida school shooting.
Unsurprisingly, the fund already screens out “sin” stocks — arms, gambling, pornography, alcohol, tobacco — and it is taking a much tougher line on mining and energy companies.
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Loretta Minghella announced as next First Church Estates Commissioner https://t.co/jTv1pnyZGd pic.twitter.com/qVNmKBfLDM
— The Church of England (@c_of_e) June 28, 2017