Peter Butler, Richard Smerdon, David Anderson and Kit Bingham

Sixteen years on

‘There is no going back to the facile boards and dormant owners of the past. The system of corporate leadership is now firmly tripartite: owners, directors and managers, each with unique perspectives, roles and expectations. Stakeholders in our society, with their own enhanced sense of place and power, are watching.’

Peter Montagnon

Responsible owners

‘If the [Stewardship] Code is to carry credibility, disclosures need to have some substance and not be just bland statements of support. ... A basic principle should be that the statement should be of a quality the investor would like to see if it was made by an investee company.’