Walker Review Posts Thoughtful Proposals for Refrom

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.gov.uk/walker_review_information.htm

The report is now a live consultation document and all shareholders and stakeholders are encouraged to submit their views. I strongly urge US investors to participate. The UK Treasury and Prime Minister Gordon Brown have declared their intent to foster international co-operation and development of good global governance. The more we can share best practice and support one another in the reform process the easier it becomes.

If you would like to know more about the report and its implications I am happy to take questions by 'phone or email.

Thanks
SW