Smith & Williamson overhauls remuneration ahead of IPO
Smith & Williamson has announced changes to its remuneration policy as it prepares for a listing on the London Stock Exchange by the end of 2019.
Smith & Williamson has announced changes to its remuneration policy as it prepares for a listing on the London Stock Exchange by the end of 2019.
Authorised fund managers (AFM) will have to have more than double the number of independent directors on their fund boards as the UK regulator adopts aspects of the US fund governance model.
The board of Invesco Perpetual Enhanced Income has said it has been vindicated in its spat with the asset manager over fees as it has found alternative options to run the investment trust at a much lower price.
Old Mutual Global Investors CEO Richard Buxton has slammed the cost of predominantly male boards to shareholders as he blames a lack of diversity for poor corporate decision making.
Asset managers who slammed Persimmon pay packages this AGM season have been silent when questioned over their voting record at the UK housebuilder, which enabled executive remuneration to soar.
Schroders has become the first asset manager to come under fire for its gender pay gap in AGM season, as a prominent activist tells others in the industry to prepare to face tough questions.
Woodford Patient Capital Trust’s holdings in companies in which its independent directors, including its chairwoman, hold senior positions has raised eyebrows with investors, as they highlight concerns about the board’s ability to act in shareholders’ best interests.
Royal London Asset Management is one of the few asset managers that has confirmed it will vote against sky-high executive pay packages at Persimmon’s AGM on Wednesday, as the housebuilder comes under fire for failing to meet the living wage for its lowest-paid workers.
A growing number of institutional investors in Europe are embedding ESG analysis in their investment processes in response to regulatory pressure, consumer demand and a rising appetite for new sources of investment signals.
In addition to slashing their underweights in the US to a nine-year low, BofA Merrill Lynch’s latest Fund Manager Survey showed that global fund managers are increasingly regaining their appetite for Japan.
It is no secret the evidence suggests the average active fund manager struggles to outperform consistently.
If investors want proof that the emerging markets rally has taken root, they should look no further than the sector’s dividend sustainability potential, according to JP Morgan Asset Management’s Omar Negyal.