Never mind the peak meeting season, the past few days has seen a flurry of activity in Westminster which will have a bearing on aspects of shareholder voting and corporate governance in the UK. On Tuesday, the Treasury Select Committee heard evidence from Baroness Hogg, Chairman, and Peter Montagnon, Senior Investment Adviser, both of the Financial Reporting Council, as […]
Read MoreThe California State Teachers’ Retirement System (CalSTRS), the second largest public pension fund in the United States, has endorsed the Stewardship Code for institutional investors, becoming the first US-based fund to back the policy, which it called a “standard for good corporate governance.” The Stewardship Code, for which the FRC is to take reponsibility for […]
Read MoreThe Financial Reporting Council has welcomed the recommendations of The Walker Report and confirmed its committment taking ownership of the proposed Stewardship Code, subject to consultation. The FRC is set to issue a report on its own review of the impact and effectiveness of the Combined Code in early December, together with a draft revised Code […]
Read MoreThere’s no small irony that Lloyds Banking Group will be asking 2.8 million private shareholders to back its £13.5 billion fundraising, the biggest deal of its kind in UK history, on the same day that Sir David Walker makes his final recommendations to Her Majesty’s Government on how the governance of the UK financial sector […]
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