FTSE chairs warn of declining relations with institutional investors
The heads of some of the UK’s largest listed companies have warned that relations with their institutional investors have deteriorated markedly, with “box-ticking” exercises over stewardship now risking company growth.
The State of Stewardship report, compiled by PR and lobbying group Tulchan, highlights a number of problem areas, including what many chairs saw as a blurring of responsibilities between the two sides that is creating unnecessary distractions for boards.
Some chairs said this, compounded by an “ever-increasing thicket of government regulation”, was contributing to the decline in the number of listed companies in the UK.
This story originally appeared on: Financial Times - Author:Daniel Thomas
