News Archive: 2013

UKSA welcomes this month’s launch of a common database on which European audit regulators will be able to study each other’s inspectors’ reports on the ten largest European audit firm networks: PwC, KPMG, Deloitte, EY, BDO, Grant Thornton, Nexia, Baker Tilly, Mazars and Moore Stephens. These are responsible for auditing ‘public interest entities…

The UKSA policy team has been investigating use of sections 146/147 of the Companies Act. These enable investors using nominee accounts to receive information from the companies in which they invest, but only if the nominee account provider chooses to “nominate” the beneficial owner for this purpose. The great majority of stockbrokers don’t do…

The UK Shareholders' Association Office telephone number has changed to 0208 295 1667

A paper prepared by the UK Shareholders’ Association on the prudence concept in accounting has been published today. Please see the attached file to read the full paper.

Thanks to Dr Kamal and Mr Stolojan for arranging this meeting, and for giving me the chance to represent the views of investors. I am somewhat overawed by the experience and skills of my fellow panellists. My background is that I am a member of the FCA,…

Free event on Monday 10 June 2013 in London Find out more at: High Pay Centre http://highpaycentre.org/events/executive-directors-remuneration »

With the ongoing financial problems in the World it is a more than usually uncertain time for investors. The problems in the Euro-zone continue with new crises flaring up every few months. Developed countries seem unable to reduce debt to comfortable levels. The banks continue to be dysfunctional. The UK and many other countries seem to be…

April 2013 Housebuilder Persimmon’s AGM takes place at York Racecourse on Thursday, April 18, but for the company’s management this will be no gamble. Last September, shareholders were persuaded to approve what the board has called a ‘long term incentive plan’ and now the remuneration report reveals that virtually all available grants have been…

UKSA has contributed its views to the The Kay Review of UK Equity Markets and Long-Term Decision Making. Rt Hon Vince Cable MP, Secretary of State, Department for Business, Innovation and Skills recently appeared before the HoC Business, Innovation and Skills Committee. Click here http://www.parliamentlive.tv/Main/Player.aspx?meetingId=12925 to…

When will the government stop depriving investors of ownership rights? March 12th was ‘Ownership Day’. This worthy initiative, hosted by parliament, was intended to encourage the active exercise of shareholder rights, by and on behalf of all investors in company shares. But one essential ingredient was missing.