It is great to see investors taking steps to improve governance in the companies they are invested in. Unfortunately, the same investors keep coming up and are labeled as troublemakers, whereas all they have is their interests as shareholders in mind, something Directors of those companies should as well.
We need a wideranging move by all investors, especially major investors, to push for the right practices. It is their responsibility as well as it being in their interests.
Onésimo Alvarez-Moro
See article:
Tweedy Browne, the influential US activist fund manager, is so concerned by the state of corporate governance at carmaker Volkswagen that it is considering scrapping or scaling back its investments in Germany.
The fund manager, which has $13bn of assets under management and has pushed through change at several companies – including Conrad Black’s Hollinger – has started talking to other VW shareholders to mobilise them to try to force out the carmaker’s controversial non-executive chairman, Ferdinand Piëch.
See full Article (paid subscription required).
Posts
