By Ruth Sullivan
The investment industry response to the government-commissioned Kay Review on UK equity markets and long-term decision-making, published last week, runs the full gamut, from optimistic expectation of change in investment culture to a cautious wait-and-see attitude and outright disagreement…
…“The review could be as influential as the 1992 Cadbury report, in relation to capital markets and how people behave in them. Just look back at how, over time, Cadbury became embedded in people’s thinking,” says Penny Shepherd, chief executive of the UK Sustainable Investment and Finance Association. However, it will take time for the recommendations to be considered and adopted, she adds.
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