Institution Theme Category Discussion Questions
  • Aberdeen Standard Investments
  • Governance
  • Board & Governance
How does the company view diversity and what policies and structures are in place to ensure a diverse board and workforce?
Company Year Market Source Link
John Laing Group 2019 UK webpage https://www.aberdeenstandard.com/en/insights-thinking-aloud/article-page/john-laing-group

In 2018, we had engaged extensively with the company, inspired by our intention to vote against the report and accounts because of a lack of diversity on the board. This was exacerbated by meagre disclosures in the company’s annual report. In 2018, we had engaged extensively with the company, inspired by our intention to vote against the report and accounts because of a lack of diversity on the board. This was exacerbated by meagre disclosures in the company’s annual report.
…It became apparent from our interaction with the company that there were clear plans in place to improve diversity on its board, including the appointment of more women. It also had policies and plans in place to ensure a diverse workforce through its infrastructure development activities. The management team pointed out that the majority of graduate employees were female and that 45% of new joiners across the group were female. The company was also adapting from a construction industry heritage to one with a longer-term investment ethos and was now offering flexible working for all employees.
At this investment review meeting, more than 50% of our time was spent reviewing the recent progress on diversity and examining how the group plans to use its future approach to diversity and inclusion as a competitive advantage in the recruitment and retention of talent.
The company now has three women on the board, from one previously, and actively monitors a broad range of diversity data from across its business in the belief that it will be a more successful builder and owner of infrastructure assets by doing so.

Related Details

  • Category'
  • Engagement
  • Resolution
  • Diversity Initiatives
  • Vote
  • N/A
  • Rationale
  • N/A
  • Details
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