Thursday 8 November 2007

NAPF makes Myners recommendations

The NAPF has released its analysis of pension fund progress in implementing the Myners principles, and recommendations for change, see here. As far as I can see they want a slimmed down approach, but I'll cover in more detail once I've read the doc properly.

They recommend the following principle on 'responsible ownership', which doesn't say anything new really:

(5) Responsible ownership - Trustees should adopt, or ensure that their investment managers adopt, the Institutional Shareholders’ Committee Statement of Principles on the responsibilities of shareholders and agents. A statement of the scheme’s policy on responsible ownership should be included in the Statement of Investment Principles. Trustees should report periodically to members on the discharge of such responsibilities.

No comments: