FSA gives green light to shareholders acting in concert

A noteworthy addendum to Sir David Walker’s review of corporate governance is the open letter from the FSA to the Chairman of the ISC dated 19 August 2009.

This letter flags up the FSA’s support for more active shareholder engagement in disputes with boardrooms, with a view to promoting good corporate governance.  This encouragement of shareholder activism at this level may be an important development.

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Proposals for bank governance point the way to the future

The report by Sir David Walker into the governance of the banking industry has some interesting things to say about corporate governance generally.

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