With apologies for not publishing this News Item earlier, on 20 October, ShareSoc responded to the Public Consultation on the Review of the G20/OECD Principles of Corporate Governance
What we would like is a fiduciary obligation, that requires the nominee to have a clear duty to vote and to take account of beneficial owners’ views. We are still considering how best to express our views on this issue and in particular whether it should be a responsibility and whether it should be in law or via best practice principles.
Our full response can be read here: OECD:G20 consultation response 20 October 2022
This is a ShareSoc News item, written by ShareSoc Director Cliff Weight
10 Jan 2023.