Tag Archives | UK

UK Looks at Short-termism

UK’s Secretary of State for Business, Vince Cable, launched a consultation into corporate governance and whether failures in that process are stoking a trend for short-termism in investment that damages the long term interests of companies and many of their investors. The consultation will examine allegations that publicly quote companies are being run in order […]

Continue Reading ·

Simply Requiring Explanation May Make the Difference in CSR

Sigrid Rausing, founder of the Sigrid Rausing Trust, reports that a UK ethical investment research body, EIRIS, launched a report on a FTSE100 mining company, Vedanta Resources, at a seminar attended by some of the UK’s leading fund managers. The company has come under international scrutiny for its plans to mine bauxite in the Indian […]

Continue Reading ·

Annual Elections & Short-Termism

Annual elections of directors, do they ensure accountability to shareowners or encourage companies to concentrate too much on short-term returns. I was surprised to read the following in Responsible Investor (UK: stewardship elusive as pension funds buck governance code, 7/21/10): Hermes, Railpen and the Universities Superannuation Scheme – with combined assets of £106bn (€126bn) – […]

Continue Reading ·

UK FRC's New Corporate Governance Code

The Financial Reporting Council’s new UK Corporate Governance Code has replaced the Combined Code on Corporate Governance and applies to accounting periods beginning on or after 29 June 2010.  Whether in the UK or not, the new Code is worth reviewing. The new Code again emphasises the role and responsibilities of the board and continues […]

Continue Reading ·

UK Institutions to Reveal Votes Under Labor

UK institutional shareholders will be forced to declare how they vote at company annual general meetings (AGMs) if the current governing Labor Party wins the general election on May 6. In addition, it wants a higher threshold of investor support for takeovers: two-thirds of shareholders.  (UK shareholders to be forced to reveal votes if Labour […]

Continue Reading ·

Ownership Responsibilities

Lindsay Tomlinson, Chairman of the National Association Pension Funds, addresses the ICGN and notes that the Institutional Shareholders’ Committee put out a Statement of Principles on Shareholder Engagement. It will now have some enforcement teeth. (Check Against Delivery, 3/25/2010) Firstly we expect that it will be an FSA requirement that all investment management firms authorised […]

Continue Reading ·

Powered by WordPress. Designed by WooThemes