Monday, 17 May 2010

Stewardship Code responses

Well, the ownership agenda continues. The FRC has rather helpfully posted the responses to its consultation on the Stewardship Code (which was an initiative that came out of the Walker Review). Some interesting stuff in there - I quite liked the IoD responses actually. Doesn't say anything particularly new, but it's good to see a response from the company bit of the governance world that doesn't just moan about 'box-ticking' (the corp gov world's equivalent to complaints about media bias). Instead it highlights the deeper problems on the investor side - like the fact that portfolio diversification means that shareholders' attention is divided.

Anyway, you can read them all here.

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