News Archive: 2012

UKSA's views sought on issues raised by Thomson Reuters April 10/11 2012 Eric Chalker, UKSA director and policy co-ordinator, was interviewed by Sudip Kargupta of Thomson Reuters following press reports of a potential sale of RBS shares to a sovereign wealth fund (ie an overseas government). Under the heading, “UK should reform RBS, Lloyds…

UKSA is delighted to appear in a recent piece in The Scotsman, from Bill Jamieson, titled: Size matters ... in so many intriguing ways. Bill was recently guest speaker of the Scottish regional branch of UKSA in Edinburgh and had this to say of our organisation:

The Auditing Practices Board (APB) of the Financial Reporting Council (FRC) is calling for more professional scepticism in the conduct of company audits. This reflects repeated representations made to the FRC by UKSA, most strongly in a written submission 12 months ago criticising the way in which the regulator had previously described the auditor…

In the last week of March 2012, Alistair Blair used his regular 'No Free Lunch' article in Investors Chronicle to press for the introduction of 'the shareholder committee'. Subtitling the article, "A new look for an old idea", Mr Blair examined one of the ways in which the idea could be implemented.

The March issue of The Private Investor reports on an EU Regulation heading this way that will require the eventual abolition of share certificates, by a process called 'dematerialisation'. This raises serious questions.

Following the Financial Times' report (March 15th, 2012), 'Opponents of FRC revamp thwarted', the UK Shareholders' Association has welcomed the news that the Financial Reporting Council is now independent from the professional bodies which did so much to found it, but came to exercise an influence that has not always been in the interest of…

The Financial Reporting Council’s 'engagement' programme comes under severe scrutiny in this month’s issue of The Private Investor. Writing as trustee of a major pension fund, UKSA member, John Hunter exposes why the institutional shareholder 'stewardship' that the FRC is promoting won’t work: it overlooks the way in which the financial services…