Investors target French companies over lack of women in top jobs

Amundi, Axa Investment Managers and four other asset managers have joined forces to demand that big public companies in France appoint more women to executive jobs. The group is calling on companies in the SBF 120, the index of the country’s 120 biggest companies, to hit a target that at least 30 per cent of their executive management teams are female by 2025. It warned that if companies did not make enough progress, the asset managers could use their votes at annual meetings to punish them.