Blog : BOARD TALK
|Posted on May 17, 2017 at 11:20 AM|
Oops. That's a bit of a governance FAIL.
More than 50% of UK domiciled funds do not have any independent directors. For funds domiciled overseas, the proportion with no independent directors drops to 20%, according to a survey conducted by LCP, the consultancy.
In the survey of nearly 300 investment funds used by UK pension schemes, LCP found that despite the UK’s leading reputation for fund governance, the jurisdict...Read Full Post »
|Posted on May 8, 2017 at 10:10 AM|
Firms owned by women and minorities manage only 1.1% of total assets under management, according to a new study of diversity in the $71.4 trillion dollar asset management industry. But it says that firms with diverse ownership are under-utilised by instiutional investors.
The study, which says it is the most in-depth to date on ownership diversity within the asset management industry, is accompanied by an initial analysis which found no statistically sign...Read Full Post »
|Posted on May 3, 2017 at 11:45 AM|
If you are going to stand out, it is best not to do so for all the wrong reasons.
Britian is proud, with good reason, of being a world leader when it comes to standards of corporate governance in business. At the moment the country is in the middle of a review of corporate governance reform which has been inspired by very real events in some of our publicly listed businesses - and in the face of new challenges. Theresa May, the Prime Minister, has championed the importance o...Read Full Post »
|Posted on April 26, 2017 at 3:30 PM|
Any good journalist knows that less is more, when it comes to using words to good effect. It is a lot harder to say something meaningful in 800 words than in 2000 - and a lot more effective as well.
So why does UK plc send its directors into the boardroom groaning under the weight of the number of words they are expected to read and digest, never mind the archaic practice of using bundles of paper ?
This blog reported onRead Full Post »
|Posted on April 24, 2017 at 12:15 PM|
Dividends. It might be time to start thinking about them in a wider context for UK plc. Hint: think pensions at the same time.
2017 saw a brisk start for UK dividends, according to the latest UK Dividend Monitor from Capita Asset Services, which provides infrastructure, services and expertise to clients across the capital markets.
The headline figures are impressive, but growth w...Read Full Post »
Hermes To Vote Against Re-Election Of Nomination Committee Chair At Rio Tinto plc Due To Lack Of Progress On Diversity
|Posted on April 11, 2017 at 12:25 PM|
It's the Rio Tinto AGM tomorrow - and Hermes Investment Management intends to put its votes firmly behind stated policy on gender diversity as a priority.
"Due to the lack of diversity and a credible plan to address this imperative issue, and consistent with our voting policy, Hermes EOS recommends voting against the re-election of Jan du Plessis in his capacity as chair of the nominations committee at R...Read Full Post »
|Posted on April 9, 2017 at 8:30 PM|
News soon on this little blog's quest for sponsorship - I had forgotten about the Easter break, so I am aiming for May. But editorial independence will always be paramount, so if it remains unsponsored, I just post less.....it's all about time.
But, flying free of any ties today, I would like to draw attention to two events in the news. One was the extraordinary early press release from Barclays Bank plc. As I tweeted
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|Posted on April 3, 2017 at 12:00 PM|
A report just out says that 23 FTSE 250 companies - equating to 9% of the index's constituents - are "faltering under a worrying amount of pension debt."
Research from JLT Employee Benefits , one of the UK's leading pension and employee benefit consultancies has found that 23 FTSE 250 companies would need a payment of more than two years’ dividends in order to settle their defined benefit (DB...Read Full Post »
|Posted on March 29, 2017 at 8:20 PM|
There are three options, as I see it, regarding a judgement on the timing of the UK government's call on FTSE 350 CEOs to get serious about inclusion - that very politically correct word added on to 'diversity'.'Inclusion' means race, ethnicity, people of colour, actually representing the reality of Britain on the streets in its boar...Read Full Post »
|Posted on March 10, 2017 at 11:30 AM|
When something goes wrong for a business - particularly a large one - it's often very easy to blame one or two individuals. Even that doesn't happen often, for those at the very top.
We still struggle with true accountability, and there are multiple places to hide. But all the talk about 'trust' and corporate governance since the financial crisis should continue to make businesses focus harder on public opinion - and reputation. It might also make them reconsider how they c...Read Full Post »