Categories:Private Equity

Equity markets: taking the long-term view

The Government has published its response to Professor John Kay’s review of UK equity markets and long-term decision making, which focused on changing the perceived culture of short-termism in the equity markets (the Kay Review). The response was very supportive. The Government endorsed the Kay Review’s 10 principles for equity markets and the directions for the market participants which follow from those principles, it was in agreement with most of the 17 specific recommendations, and it stated its full support for the Good Practice Statements for Company Directors, Asset Managers and Asset Holders.

However, in looking to implement the Kay Review, it is not proposing any immediate new regulation (beyond that already announced), but hopes instead to promote a change in culture and to encourage market participants themselves to take the lead. Among the specific recommendations it is taking forward, the Government has:

  • Confirmed its commitment to working with EU counterparts to end mandatory quarterly reporting
  • Expressed its intention to keep merger and acquisition activities of and by UK companies under review
  • Endorsed the Good Practice Statements for Company Directors, Asset Managers and Asset Holders…

If you are registered and logged in to the site, click on the link below to read the rest of the Shoosmiths briefing. If not, please register or sign in with your details below.

Briefings from Shoosmiths

View more briefings from Shoosmiths

Analysis from The Lawyer

  • Hester: declined bonus worth almost £1m

    Pay checks

    Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future

  • high street 150

    Focus: Alternative business structures - Law and new order

    There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…

Overview

2 Colmore Square
38 Colmore Circus Queensway
Birmingham
B4 6BJ
UK
http://www.shoosmiths.co.uk

Turnover (£m): 87.00
No. of Lawyers: 373