ShareSoc have issued a press release on the Final Digitisation Report issued by Sir Douglas Flint. It is highly critical of some aspects of the report and quite rightly so. See https://www.sharesoc.org/sharesoc-news/digitisation-taskforce-report/
Mark Northway, ShareSoc Policy Director, included these comments in the press release: “It fails to protect key shareholder rights and introduces dangerous financial incentives which will further erode investor engagement.
It is particularly disappointing that the taskforce has chosen to prevent investors from leveraging digital technology to communicate between themselves by email. Without the threat of shareholder activism, many of the corporate governance improvements of the past twenty years would not have happened.”
If the Flint report is adopted without major changes it will set back shareholder representation by many years.
Roger Lawson (Twitter: https://x.com/RogerWLawson )
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