Wednesday 14 July 2010

Some reading material

Good article from John Plender on where shareholder engagement may go. The shareholder-as-owner model is not guaranteed to triumph.

And Financial Secretary to the Treasury Mark Hoban has been giving a number of speeches, which you can access here. Not a lot about governance in there so far, tho in this speech to the ABI in June he said the following:
as one of the most important groups of institutional investors in the UK, insurers also play a critical role in the oversight of the companies in which they are investors.

I therefore welcome the recent establishment of the Institutional Investor Council to help establish a stronger voice for institutional investors. A strong voice will be critical with the Financial Reporting Council creating the Stewardship Code for Institutional Investors to sit alongside the updated UK Corporate Governance Code.

I also look forward to the investigation that the Council is carrying out on fees paid in respect of rights issues, due to report by the end of the year. And I hope it will play an active role in responding to the recent Commission consultation on corporate governance in financial institutions.
Note the EC Green Paper rears its head again...

No comments: