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ABI response to FSA clarification on shareholder collaboration

The FSA has clarified its rules on how activist shareholders can work together to promote effective corporate governance in companies in which they have invested. In response, Peter Montagnon, the ABI's Director of Investment Affairs, said:

"This is a positive move by the FSA. Clarifying the rules around shareholder dialogue will make it easier for investors to take a collective approach to boards, when individual approaches have failed. This is an important part of ensuring that shareholder engagement is more effective following the banking crisis."

The Institutional Shareholders' Committee (ISC), which brings together the four main institutional investor bodies[1], asked for this clarity in its response to the Financial Reporting Council's review of the Combined Code and the Walker Review. 


Last updated 01/07/2016