|
MYNERS REVIEW OF
INSTITUTIONAL INVESTMENT: |
||
 600KB |
 2.1MB |
 2.0MB |
|
Early in 2001 Paul Myners issued a report that had been commissioned by the Labour Party in the United Kingdom on the subject of institutional investors. Among other subjects which this report considers is shareholder activism. Myners analyzes the various reasons why shareholders have traditionally said that they can't and they won't be active, and he dismisses these. In fact, he insists that conflict of interest laws be enforced and that henceforth institutional investors in the United Kingdom must be responsible for the management of companies whose shares they hold in their portfolio. He transfers the burden to the management and says that from this time on shareholder fiduciaries will be held accountable for the loss of value in portfolio companies. Printed copies
of
Myners Review of Institutional Investment: Final
Report can be obtained from: HM Treasury
Public Enquiry Unit. Tel: 020 7270 4558 or email: public.enquiries@hm-treasury.gov.uk See also: Principles of Institutional Investment Decision Taking: A Response to the Treasury's Requested Consultation on the Myners' Proposals (By Robert A G Monks and Allen Sykes - May 2001) Related Info |
||
|
||
| Related Sites | ||