Sarah Wilson's Page

The UK's corporate governance regulator, the Financial Reporting Council has issued a consultation on how a code of conduct for institutional investors could work.

There are seven principles of investor behaviour open for debate:

Principle 1: Institutional investors should publicly disclose their policy on how they will discharge their stewardship responsibilities

Principle 2: Institutional investors should have a robust policy on managing conflicts of interest in relation to stewardship and… Continue

The UK's Financial Reporting Council, the independent body charged with the oversight of financial reporting standards and corporate governance has moved forward with its plans to reform the UK's corporate governance frameworkd.

Gone will be the confusing "Combined Code" (a historical legacy of layers of reform) and in comes ”The UK Corporate Governance Code”. Assuming all goes well with the consultation it will apply to all "Premium Listing" issuers, regardless of their domicile.

What about s… Continue

Sir David Walker has finally issued his report. A thumping great 142 pages of dense detail which proposes 39 steps to a better governed market. There are some similarities between the IWG proposals and Walker with a strong emphasis on shareholder engagement and a move towards what some will see as compulsory voting and disclosure by fund managers.

To see an executive summary of the report please visit http://blog.manifest.co.uk/?p=1290
To read the full report please visit http://www.hm-treasury… Continue

More than ever UK and US investors are collaborating on market reform to build a more secure financial future. All eyes are on the next step of market reform here in the UK with the publication of the Walker Report. Early hints are that shareholders will be 'strongly urged' to become real owners and not mere lessee's of quoted companies - especially the banks. It will probably fall short of any form of compulsion but possibly a close shot across the bows.

Why does this matter to US investors? W… Continue