F&C highlights corporate governance failures

F&C says outrage at excessive risk-taking in the banking system means investors are increasingly scr...

F&C says outrage at excessive risk-taking in the banking system means investors are increasingly scrutinising corporate governance issues. The asset management group signalled its concern at the launch of its annual Responsible Investment Report. This highlights ongoing corporate governance failings in the financial sector, such as a failure to link pay to genuine long-term performance, and weaknesses in risk management and board oversight. According to the report, F&C exercised its voting rights on 29,165 proposals across 2,553 companies in 59 countries. It also reveals shifts i...