In this piece, ICEV's Chair, Caroline Escott, argues that the FCA's UK listings proposals to weaken corporate governance standards will not produce the desired impact.
ICEV's Chair comments:
"Not only are DCSS therefore unlikely to encourage UK listings, but they may also undermine important corporate governance and shareholder protections. In ICEV’s report, we found that DCSS do not deliver financial advantages over the long-term, instead conferring unjustified privileges to company insiders and insulating managements and boards from the views of independent investors...this can be to the detriment of long-term investors and functioning capital markets".
