This latter argument will be controversial with some investors, who are very attached to the principle of 'one share, one vote'. But the EU looked at this issue and found now evidence that one share one vote leads to better outcomes. And if such a reform did lead to a more long-term approach on the part of least some big investors, maybe it is a principle worth conceding.
He also suggested that Fred Goodwin should do charity work!
Let's hope this means that there is still scope to push the Walker Review in a more reformist direction.
PS - The actual interview on the Beeb is here.