Kay – repurposing the equity markets
‘I would like to see the UK Prime Minister call in the relevant officials not only from the Department of Business, but the UK Treasury, and the Department of Work and Pensions and demand the development of a cross-departmental agenda to create the optimal conditions which will incentivise key leaders in business and investment to respond.’
Kay – repurposing the equity markets
‘After all, as Kay has pointed out, the value of engagement flows to asset owners and it is only through increasing the performance of the underlying companies that equity investment becomes something more than a zero-sum game. Fund managers that remember this and refocus their delivery around that understanding will generate the most value for their clients. We must hope that they will be rewarded for it in the market for their services.’