The third degree
General counsel can expect greater involvement in answering to fund managers and shareholders on governance issues. As major trusts and pension funds employ agencies to take on their shareholder activism, the specialists who ask the questions say they would like to engage more with in-house lawyers. Sophie Evans reports
There is a growing band of corporate governance specialists offering their services as consultants and advisers to companies, trusts and public bodies. Such specialists have for several years issued state-of-health reports to companies on their governance performance. In July of this year, ratings giant Standard & Poor’s announced that it would issue separate assessments of companies’ corporate governance performance: Shell and ITV were the first companies to have these reports issued on their compliance and whistle-blowing procedures.
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