UK investor body to apply red warning if a company's board lacks women

LONDON (Reuters) - Britain's top companies face a red warning if they don't have more than one woman on their board, the Investment Association said on Thursday, adding to pressure for more female representation at top levels of management. The body which represents big asset managers said it was expanding its traffic light system which guides big investors on whether a company is complying with best practice in areas of governance such as executive pay

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