QCA Research into the views of institutional investors
We have been given some new insights into investors' expectations of remuneration policy and reporting from research carried out by MM&K on behalf of the Quoted Companies Alliance. The QCA is an independent membership organisation that champions the interests of small to mid-size companies. The purpose of this online survey was to provide information to support revisions to the QCA Remuneration Committee Guide, due for publication in early 2016.
15 major institutional investors responded to the survey invitation - all but one manages total funds in the range of £1bn to £1,000bn. The response level itself is instructive, as several hundred firms were invited. The respondents were the same large firms that regularly make their views heard on corporate governance. It is hard not to form the impression that the majority of investment firms do not see remuneration governance as a priority, at least not for smaller companies.
Most respondents were the heads of corporate governance in the investment firm, but the survey includes the views of some fund managers.
Click here to read the report in full.
'The remuneration gap at the top will rise', writes Cliff Weight in Financial World.