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Finance

Global investors press harder for women on Asian boards

Legal & General and other managers use voting power in Japan, China and India

Global institutional investors are pressuring big Asian companies to put more women in senior management and director positions. (Photo by Nozomu Ogawa)

TOKYO -- Asian companies face increasing pressure from large fund managers to bolster female representation in management, as more shareholders stress environmental, social and governance principles in their investment choices.

Legal & General Investment Management, the U.K.'s biggest asset manager, this year picked 19 large Japanese companies with no women on the board or at executive levels and began voting against their proposals. The asset manager exercises its voting rights for nearly 500 companies in Japan.

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