A drive to openness in the private equity industry in the United Kingdom will benefit employees.
Recent proposals to increase disclosure and transparency in the private equity industry will impose new obligations of openness on private equity firms in relation to many aspects of buy-out activity. Sir David Walker, the former U.K. Securities and Investment Board chairman who has been appointed to conduct a review on behalf of the British Private Equity and Venture Capital Association (BVCA), has said that employees are entitled to know whether job security will diminish as a result of private equity activity.
