Investor Stewardship

13 Mar 2015 | Policy and Practice Articles

The Stewardship Role of Investors. Gresham College public lecture (transcript)
Fund Industry Can Flush Out the Closet Trackers
. How changes in disclosure can encourage active managers to be truly active (Financial Times)
Stewardship Must Be Embedded Across the Investment Chain. Why stewardship is a responsibility of the entire investment industry, not just asset managers (Financial Times)
The Answer to Short-Termism Isn’t Asking Investors to Be Patient. Why the praise of “patient capital” is misguided (Harvard Business Review)
Trading as a Stewardship Mechanism. Why selling shares is key to good stewardship, contrary to popular belief. From my response to the Stewardship Code consultation
What Is Stewardship? From my response to the Stewardship Code consultation
Why Short Term Trading Can Be Long-Term StewardshipEconomia column

Engagement

How the SEC’s Swaps Proposal Could Choke Off Shareholder Activism Wall Street Journal
Should Engagement be Constructive? Why effective engagement can sometimes be confrontational, contrary to the praise of constructive engagement. From my response to the Stewardship Code consultation
How Short-Term Activists Create Long-Term Value. Access to Finance blog post
Shareholder Activism In Action. Reforming the corporate governance of a firm that pursued short-term gain at the expense of long-term value
The Power of Different Points of View. Economia column on how shareholder activism creates long-term value, not just short-term profit

Proxy Advisors

Conflicts of Interest Among Proxy Advisors. Access to Finance blog post
How Proxy Advisors Influence Voting OutcomesAccess to Finance blog post

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