The FSA’s letter to the Institutional Shareholders Committee regarding shareholder engagement was initially welcomed by many commentators although concerns were raised in some quarters at the narrow focus of the letter. In that letter, the FSA stated that they were “aware that concerns have been raised over the extent to which more active shareholder engagement […]
Read MoreShareholders wanting to work together on “ad-hoc governance strategies” are unlikely to fall foul of the UK’s Financial Services Authority (FSA). In a “safe harbour” letter to the Institutional Shareholders’ Committee, the FSA’s Sally Dewar sets out how its rules apply to shareholders wanting to work together to promote effective corporate governance in investee companies. […]
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