By Sabela Ojea

Legal & General Group PLC (LGEN.LN) said Monday that its Legal and General Investment Management arm will be voting against combined roles at director levels globally.

The FTSE 100-listed company said that the decision focuses on combined chief executive and board chairman roles. The move is part of LGIM's annual review of its global proxy voting policies and will have an impact in the U.S., France and Spain where combined roles are still common, the company said.

The move should also strengthen the group's position on strategic corporate governance, including auditor tenure and board level diversity, it said.

Shares at 1437 GMT were down 1.20 pence, or 0.4%, at 304.30 pence

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

February 03, 2020 09:54 ET (14:54 GMT)

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