Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
Free Webinar - Chart Mastery Secrets | Tuesday, September 26, 2023 | 12:30PM EDT Enroll Now
Investors write to FTSE cos for new group to ease corporate governance issues - FT
Published Jan 18, 2023 02:42AM ET
© Reuters.
(Reuters) - Some of the world's biggest investors have proposed forming a new group, which will include board members of top UK companies, to address stewardship and corporate governance concerns, the Financial Times reported on Wednesday.
The Investor Forum - a nonprofit group that facilitates engagement between UK firms and institutional investors - has written to chairpersons of various FTSE 100 companies for fresh discussions to help settle contentious topics such as executive pay and overboarding ahead of the 2023 AGM season, the report said.
The letter, which was sent on Tuesday and seen by the Financial Times, follows a report by corporate communications advisory firm Tulchan Communications that highlighted a breakdown in the relationship between British boards and shareholders, the report said.
The Investor Forum did not immediately respond to a Reuters request seeking a copy of the letter. Reuters could not immediately verify the contents of the Tulchan report.
Britain's corporate governance regulator said in November that companies there fail to reveal if meetings with shareholders alter their behaviour, such as in setting pay for top executives.
Britain's asset managers too in November had called on company bosses to steer clear of inflation-busting pay rises as the country grapples with a cost-of-living crisis.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.