CPP Investments' updated diversity guidelines to impact Asia boards

Canada Pension Plan Investment Board (CPP Investments) plans to update its proxy voting principles and guidelines (PVPGs) for 2023, with an eye on furthering its advocacy of greater gender diversity in corporate boardrooms. The change will affect the Canadian pension’s investments in emerging markets, including Asia. Companies will need to have at least two women on boards in emerging markets, an increase from a minimum of one previously, according to the new guideline. This p…