A series of heteroleptic β-ketoimine magnesium complexes L 1 L′ 1 Mg 2 Cp*(1), L 2 2 Mg 2 Cp 2 (2), L 1 2 Mg 2 (OAr) 2 (3 and 4), and L 2 2 Mg 2 (OAr) 2 (5 and 6) (L 1 = Me 2 NC 2 H 4 NC(Me)-CHC(Me)O, L′ 1 = Me 2 NC 2 H 4 NC(CH 2 )CHC(Me)O, L 2 = Me 2 NC 3 H 6 NC(Me)CHC(Me)O; Ar = Ph and 2,6-t-Bu 2 -C 6 H 3 )with different steric and electronic properties were synthesized. 1 and 3−6 adopt binuclear structures in the solid state and in solution, whereas 2 forms a monomer/dimer equilibrium in solution. Complexes 1 and 2 showed very poor activity in the ring-opening polymerization (ROP) of racemic-lactide (rac-LA), whereas heteroleptic phenoxide complexes 3−6 are active polymerization catalysts at variable temperature in solution in the absence of any co-initiator, yielding isotactic-enriched polylactide (PLA). The catalytic activity and stereoselectivity is controlled by the electronic and steric properties of the phenoxide substituent and reaction temperature. Kinetic studies with catalyst 3 and 5 proved the first-order dependence on monomer concentration, and mechanistic studies showed that the polymerization reactions follow the coordination insertion mechanism (CIM).