ShareSoc-UKSA submitted a joint response on behalf of individual investors, on 5 Nov 2019. The key points we made were:
Communication by email rather than by post is now the norm and assumed as the default position. Printing annual reports and shareholder circulars and sending them to shareholders by post is no longer necessary. Postage and printing costs were some of the key drivers of the nominee system. A modern system of intermediated securities should embrace and recognise modern technology and ensure ...
I am writing to ask you to make a personal submission to The Law Commission Call for Evidence on the subject of dematerialisation, intermediated securities, shareholder rights and nominees/platforms. This is the most important issue that ShareSoc-UKSA campaigns on. Your response must be done by 5 November and submitted to
By email to email@example.com.
Commercial and Common Law Team,
1st Floor, Tower,
52 Queen’s Anne Gate,
London, SW1H 9AG.
I attach a copy of the official ShareSoc-UKSA response, which runs to 38 pages. A personal ...
On 26 Sept 2019, four ShareSoc Directors (Northway, Bentley, Spencer Phillips and Weight) met Marcus Stuttard and 4 other senior executives of LSE AIM to discuss AIM regulation.
This was a wide ranging meeting which both sides agreed was very useful. We updated the LSE on the UKSA-ShareSoc merger and the ShareSoc-SIGnet merger; then proceeded to discuss the Law Commission call for evidence re intermediated securities; Auditors, ARGA, Kingman, Brydon, CMA, etc.; Change of Auditors and the need for clear RNS about ...
The UK Stewardship Code 2020 is (according to the FRC) “a substantial and ambitious revision” to the 2012 edition of the Code which takes effect from 1 January 2020.
The FRC says “The new Code sets high expectations of those investing money on behalf of UK savers and pensioners. In particular, the new Code establishes a clear benchmark for stewardship as the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, ...
I am writing to ask you to:
Send me examples and evidence we can use in our submission;
Consider making a personal submission yourself; and to
Update you on this important issue.
Submissions to The Law Commission Call for Evidence on the subject of dematerialisation, intermediated securities, shareholder rights and nominees/platforms must be made by 5 November.
The Law Commission “scoping” study will provide an accessible account of the law. It will also identify the corporate governance and other legal issues associated with ...
AAVC Chairman Richard Glover invited ShareSoc to a meeting to discuss our concerns as part of his process to engage with Shareholders, following the 30% vote against the new management agreement voted on at the EGM in August 2019 and the very extensive questioning at the AGM (see the AGM write up by Tim Gratton https://www.sharesoc.org/agm-reports/d4t4-solutions-d4t4-agm-report-2/ and my own report https://www.sharesoc.org/blog/vcts/albion-venture-capital-vct-aavc-agm-result-and-actions/ .
AAVC is engaging with a broad range of shareholders and has written to about 50% of the larger shareholders who ...
Press release 112 - Merger Announcement: ShareSoc and SIGnet
The UK Individual Shareholders Society Limited (ShareSoc) and SIGnet have signed a merger agreement. ShareSoc is the UK's largest private investor organisation, providing a broad range of services to its members and defending the interests of individual investors.
The SIGnet educational network provides private investors with the opportunity to meet in small groups to discuss investment topics and strategies, with the aim of becoming better investors. SIGnet was founded by the late John Lander in ...
Response to Initial Consultation on Recommendations by the Competition and Markets Authority
Peter Parry and Cliff Weight have written a joint response on behalf of the UK Shareholders’ Association (UKSA) and the UK Individual Shareholders’ Society (ShareSoc). This has been submitted to the CMA. We made these key points:
There are a few important and overarching issues which we believe need to be stated:
Limitations of the CMA’s remit; the CMA was tasked with looking at the audit market and, in particular, considering ...
ShareSoc members may not be aware of the the UK Shareholders' Association campaign - Northern Rock Shareholder Action Group. Below is the latest news and a brief update from Dennis Grainger (Chairman of the UKSA Northern Rock Small Shareholder Action Group) – 28th July 2019.
As can be well imagined this had been a very quiet year with seemingly everything being overtaken by Brexit. Your small (& ageing) committee of volunteers have nevertheless tried our very hardest to keep pursuing our just claim - on behalf ...
As part of their joint work to represent individual shareholders' interests, the ShareSoc and UKSA policy teams continue to press government to improve information transparency for investors. With that aim in mind, UKSA's Policy Director Peter Parry has written to our relevant contact at BEIS, as follows, concerning the issue of auditor resignations:
Action following resignation of auditors
The Policy teams at UKSA and ShareSoc have been having further thoughts about the action that should be taken by companies when auditors resign the ...