British Columbia Investment Management Corporation said it now expects its publicly traded portfolio firms to have women make up at least 30 per cent of their boards. It also said it would consider supporting more prescriptive shareholder proposals on climate change. (The Logic)

Talking point: BCI, which manages assets worth $171.3 billion for B.C.’s public sector, updates its guidelines every two years. Other significant changes include a promise to escalate the targeting of directors for weak responses to climate-change risk and a focus on executive compensation, which it believes should be aligned to performance and “sensitive to the broader workforce and societal context.” BCI said in a statement that the changes “reflect ongoing research of corporate governance best practices and BCI’s understanding of evolving risks facing publicly-traded companies as represented in shareholder proposals.”