UK regulator to humiliate inefficient asset managers

UK regulators are slated to name and shame asset management groups that fail to properly coordinate with entities over pay, succession, and other corporate governance matters. For the first time in July, the Financial Reporting Council will unveil the investment groups that are not pressuring firms enough in their roles as custodian of other people's money. Companies that fail to adhere to stewardship standards will be placed on six months' notice to step up their game. FRC Chair Sir Winfried Bischoff said the stewardship code has helped bolster the profile of stewardship and resulted in improvements in the engagement between investors and corporations.

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