Kay Review: Difference between revisions
imported>Doug Williamson (Updated to note final Kay Report of July 2012 and Govt response of November 2012.) |
imported>Doug Williamson m (Organisation check 6/5/13 - changed last sentence to update current postion. See: http://www.parliament.uk/business/committees/committees-a-z/commons-select/business-innovation-and-skills/inquiries/parliament-2010/the-kay-review/) |
||
| Line 11: | Line 11: | ||
It therefore examines the incentives, motivations and timescales of the following participants in the equity markets – end investors, pension funds, advisers, fund managers, the market and company boards – and also the relationships between them. | It therefore examines the incentives, motivations and timescales of the following participants in the equity markets – end investors, pension funds, advisers, fund managers, the market and company boards – and also the relationships between them. | ||
The Kay Report | The Kay Report published in July 2012 was welcomed by the UK Government in a response published in November 2012. The Report is undergoing Commons Select Committee scrutiny. | ||
== See also == | == See also == | ||
* [[Corporate governance]] | * [[Corporate governance]] | ||
* [[Equity]] | * [[Equity]] | ||
Revision as of 11:04, 6 May 2013
A government sponsored review into UK equity markets established in 2011 and led by Professor John Kay.
The review was established to ask how well equity markets are achieving the following core purposes:
1. Enhancing the performance of UK companies by facilitating investment and enabling effective governance and decision making in support of long-term profitability and growth; and
2. Enabling investors to benefit from this corporate activity in the form of returns from equity investment.
The review was designed assess to what extent equity market participants are excessively focused on short-term outcomes to the detriment of the core purposes (1. and 2. noted above) and if so, what actions should be taken to address this problem.
It therefore examines the incentives, motivations and timescales of the following participants in the equity markets – end investors, pension funds, advisers, fund managers, the market and company boards – and also the relationships between them.
The Kay Report published in July 2012 was welcomed by the UK Government in a response published in November 2012. The Report is undergoing Commons Select Committee scrutiny.
