The IIC's objectives were to be -
to work closely with the Financial Reporting Council in promoting the new Stewardship Code for shareholders; to facilitate collective engagement by institutional investors with companies particularly in times of stress; and to provide industry-wide senior practitioner input to the authorities on issues relating to investments.
Has anyone seen the IIC doing any of this? I've seen no promotion of the Code by the IIC as the IIC. And as for input to the authorities, no delegation to BIS, the most relevant department these days, it seems.
Rumour has is that the trade bodies that make up the existing ISC have been unable to get it together. But it's getting a bit silly now. Are we really going to make it to a year since the launch announcement without any news about who is on/in the IIC? If so it may be reasonable to ask whether even rearranging the deckchairs is beyond the investor community.