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Shareholder Rights

ShareSoc continue to press for the name on the register, i.e. the beneficial owner not just the nominee as part of a package to restore the rights of individual shareholders, who have been disenfranchised by the nominee system and consequently disempowered. See our Shareholder Rights Campaign for more, and to support us on this. Below is some commentary on recent and not so recent relevant developments. You may have seen that Citi have “launched” a new shareholder voting system. It’s a test ...

FRC study: Risk and Viability Reporting

In July of this year, UKSA and ShareSoc members received an email inviting them to participate in a survey being run by the Financial Reporting Council (FRC). The survey was part of a wider study being carried out by the FRC into Risk and Viability Reporting. Over 190 members responded which was an excellent result. The FRC agreed that it would provide feedback for members on the results of the survey. This article from Patrick Leach at the FRC summarises the ...

Shareholder Rights – MoneyWeek article

Shareholder rights and in particular their erosion due to the nominee system are a big problem and one that both the UK Shareholders Association and ShareSoc campaign on (see our Shareholder Rights Campaign). It is hugely disappointing that HM Government has put this on the back burner due to prioritising Brexit and the Great Repeal Act. I would like to draw your attention to this article https://moneyweek.com/small-investors-voting-rights/ which includes comment from both the UK Shareholders Association and ShareSoc. My own comment in particular, ...

VCTs and the Budget

It looks like VCTs have escaped, but there is some tightening of the qualifications. We will need to read this in detail to see the outcome. There has however...

The belly of the beast – Con Keating and the Investment Association

I am not a great fan of the Investment Association, the trade body that represents UK investment managers. Its 200 members collectively manage over £6.9 trillion on behalf of clients in the UK and around the world. Regular readers will recall my pleasure when Chris Sier was appointed to improve the disclosure of fund manager fees, https://www.fnlondon.com/articles/an-audience-with-chris-sier-the-fcas-new-pit-bull-on-fund-fees-20170804 and my displeasure when the Investment Association were asked by HM Government to maintain the naughty register of companies with more than 20% of their ...

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