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.
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