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  • Kay review takes on executive pay – The Telegraph

    23 July 2012

    By James Hurley

    A report commissioned by Business Secretary Vince Cable to investigate whether the UK equity market works effectively “to generate returns for savers and to improve the performance of companies” outlined a series of measures designed to end a culture of “short-termism” among the investment community…

    …Penny Shepherd, chief executive of the UK Sustainable Investment and Finance Association, said Prof Kay’s report could eventually prove as influential as the 1992 Cadbury Report, which led to an overhaul of corporate governance standards: “This will be hugely important – but probably as a slow burner…”

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