Published online by Cambridge University Press: 05 August 2011
What is wrong with the British and American system is that far too many shareholders, both institutional and individual, do not behave like owners.
The Economist, 5 May 1990.How far have we moved, if at all, from this state described by Rupert Pennant-Rea twenty years ago? The Treasury Committee suggests there has been inadequate progress, if indeed there has been any. The Walker Review of Corporate Governance of UK Banking Industry addresses the policy considerations underlying institutional responsibility which he styles ‘stewardship’.
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