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Oral question asked in the House of Lords, by Lord McFall of Alcluith (Labour). It was answered by Lord Sassoon (Conservative) on Wednesday, 19 January 2011.


Financial Services: Shareholder Engagement

Question
To ask Her Majesty’s Government what discussions they have had with the financial services industry on shareholder engagement.
Answer

My Lords, the Government are committed to improving shareholder engagement and have already taken significant steps, including the new remuneration disclosure rules, the FRC stewardship code and the revised corporate governance code. We have also issued a call for evidence on governance and short-termism. This will establish whether there are issues affecting the functioning of capital markets, including questions about shareholder engagement. Ministers and officials have had meetings with a variety of organisations as part of the process of policy development and delivery in this area.


Secondary information

Type
Oral question
Reference
724 c364 
Session
2010-12
Oral question type
Lead
Procedure
Topical questions (HL)
Chamber / Committee
House of Lords chamber
Subjects
Financial services Shareholders
Link
View this Oral question on www.publications.parliament.uk