UK: the Kay Review of UK Equity Markets and Long Term Decision Making

The Secretary of State for the Department for Business, Innovation and Skills, the Rt. Hon. Dr Vince Cable MP, earlier this year announced the launch of an independent review, chaired by Professor John Kay, to consider the effect of UK equity markets on the competitiveness of business. An initial call for evidence was made (here, pdf), the deadline for which passed last week. On Saturday The Independent newspaper reported - see here - that Professor Kay has indicated that he is "ready to recommend a radical overhaul of the duties of big investors in monitoring companies in which they invest".