conflicts of interest Archives

Myners calls for stewardship reforms

Lord Myners, the UK Treasury’s Minister for the City has again called for a radical new approach to financial reform – this time it’s investors under the spotlight. In recent months Myners has been no stranger to controversial proposals and during a speech to a conference hosted by UBS, he outlined his concerns about the way corporate […]

Institutional investors should start own credit rating agencies

Speaking at the Council of Institutional Investors Autumn conference in Los Angeles last week, Jules Kroll, chairman and co-founder of K2 Global Partners, told attendees that investors could improve the integrity of ratings by taking ownership of the process. Investors should not rely solely on regulators to reform rating agencies, three of which generate 95 […]

Issuers should disclose consulting contracts with proxy advisors

Leading US mutual fund manager Oppenheimer Funds has written to the SEC supporting improved disclosure of commercial relationships which might create a conflict of interest. In a Sept.24 letter to the Securities and Exchange Commission commenting on the SEC’s proposed new rules entitled “Proxy Disclosure and Solicitation Enhancements,” OppenheimerFunds said it supports the Commission’s efforts to […]