ShareAction (formerly FairPensions) welcomes the announcement of the terms of reference of the Law Commission’s review into fiduciary duty.

ShareAction: Review of investors’ duties a ‘major step forward’ ShareAction has welcomed Vince Cable’s announcement of the terms of reference for the Law Commission’s review of investors’ fiduciary duties. The announcement, made as the Secretary of State appeared before a Select Committee inquiry into the Kay Review, represents the implementation …

Fiduciary duty and clients’ long-term interests: UK initiatives launching this Spring

Network for Sustainable Financial Markets has posted a new item, ‘Fiduciary duty and clients’ long-term interests: UK initiatives launching this Spring’ Several initiatives to increase understanding of the issue of fiduciary duty and acting in clients long-term interests are being rolled out, with NSFM participants at the forefront. As FTfm …

Enlightened shareholder value needs enlightened shareholders

Network for Sustainable Financial Markets has posted a new item, ‘Enlightened shareholder value needs enlightened shareholders, say NSFM participants and other experts’ In a letter published in The Times today NSFM participants Catherine Howarth, Steve Waygood, Jeremy Leggett, Charles Scanlan and Raj Thamotheram, along with other experts, have called for …

UK Companies Act Provides Guidance for Investment Fiduciaries

An article from Sustainable Financial Markets Posted: 20 Apr 2011 10:41 AM PDT Catherine Howarth and Christine Berry write: There’s a fundamental inconsistency at the heart of the UK corporate governance framework. Company directors’ duties under the Companies Act are based on the concept of ‘enlightened shareholder value’: the UK …