No more carrot. We need the stick

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I’m having some very good conversations during my time here in London. For some time, I’ve been sounding a call for large shareholders and fund managers to step up and take their fiduciary duty seriously.

The Financial Times has given me some good opportunity to talk about this over the past few days and I wanted to share it with you. I talked on video with Pauline Skypala, editor of FTfm, about whether the trumpeted gains of the Shareholder Spring have had an effect.  A summary of the conversation appeared in print, as well.  And yes, I’ve often said we do not need any new laws regarding governance — but clearly self-governance does not work.  No more carrot.  We need the stick.