UKSA continues its work of responding to Governmental and Regulatory proposals. We see this as a way of increasing the profile of UKSA and to encourage such bodies to consider the private (beneficial) shareholder. We have responded to the Preliminary Report of the Sharman Inquiry which is looking into how companies deal with their responsibilities with regard to the Going Concern statements they must make.
In its submission to the first stage of Professor Kay's review into the operation of equity markets in the UK (on behalf of BIS, the Department for Business, Innovation and Skills), UKSA has asserted that they suffer from the following basic structural flaws:
Chris Hulme, UKSA Chairman, joined a recent discussion panel on BBC 5Live Money News, following a report from the High Pay Commission.
Chris' contribution used to be linked here, bbc.co.uk/i/b017h4q5, 1h:40m into the programme, but has now been lost.:
The UK Shareholders' Association has made a submission to the Department for Business, Innovation and Skills on the Furure of Narrative Reporting.
For full details of UKSA's response see the attached document.
The UK Shareholders' Association has made a submission to the Department for Business, Innovation and Skills on Executive Remuneration consultation.
Chris Hulme, UKSA chairman, commented:
"As private shareholders we are also private citizens. At a time when the increasing gap between the haves and have-nots is seen to be inequitable and damaging society, our members want to see the companies in which they invest run by people who show both public leadership and private restraint."
The UK Shareholders Association will be represented at the 2011 London Investor Show, taking place at Olympia on Friday 21st October.
Come and visit the UKSA representatives at stand 67.
The London Investor Show have a special offer for UKSA members who would like to attend on the day.
The Financial Reporting Council (FRC) — a body of great importance for all private investors — has launched a new initiative to improve the quality of information made available to company owners — ie their shareholders. "Investors are not getting the value they should" said Stephen Haddrill, FRC CEO.
Information about the 'Lab' can be found here. Its purpose is to explore innovation in reporting for the benefit of investors.
The UK Shareholders' Association has produced a response to the Financial Reporting Council's request for investors' views on how listed companies might curtail the increasing amount of disclosures they are making in annual reports.
Our letter to Mr Bill Knight, Chairman of the Financial Reporting Review Panel, has been produced by Roy Colbran, Chairman of the UK Shareholders' Association's Government Policy Group.
The UK Shareholders' Association has today responded to the European Commission's Green Paper on Corporate Governance (COM 164).
UKSA's response, led by members Roy Colbran and John Hunter, details the private investor's perspective on corporate governance and how it might be enhanced within quoted companies.
Our letter to the Commission is attached.
We look forward to continuing to represent the requirements of private shareholders with policymakers both within the UK and beyond.
Today, leading online investment community The Motley Fool, published a podcast featuring UKSA Chairman Chris Hulme.
This wide ranging discussion addressed several of the biggest issues for private investors today. It was part of The Motley Fool's popular Money Talk series.