Myners Report
Encyclopedia
Institutional Investment in the UK: A Review (the Myners Report) was a report to HM Treasury
in March 2001 on institutional investors. It was delivered by Paul Myners
.
Government was concerned that institutional investor
s were giving insufficient attention and resources to their holdings in non-listed companies. The report addressed this, in particular concerning pension fund trustees and fund managers.
Though some anticipated creation of public interest duties, the Report took the approach of asking whether institutional investors were acting in the best interests of their beneficiaries.
HM Treasury
HM Treasury, in full Her Majesty's Treasury, informally The Treasury, is the United Kingdom government department responsible for developing and executing the British government's public finance policy and economic policy...
in March 2001 on institutional investors. It was delivered by Paul Myners
Paul Myners
Paul Myners, Baron Myners, CBE was the Financial Services Secretary in HM Treasury, the UK's finance ministry, during the Labour Government of Gordon Brown. He held the position from October 2008 until May 2010, and was made a life peer in consequence of his appointment, as he was not an elected...
.
Government was concerned that institutional investor
Institutional investor
Institutional investors are organizations which pool large sums of money and invest those sums in securities, real property and other investment assets...
s were giving insufficient attention and resources to their holdings in non-listed companies. The report addressed this, in particular concerning pension fund trustees and fund managers.
Though some anticipated creation of public interest duties, the Report took the approach of asking whether institutional investors were acting in the best interests of their beneficiaries.
See also
- Combined CodeCombined CodeThe UK Corporate Governance Code 2010 is a set of principles of good corporate governance aimed at companies listed on the London Stock Exchange. It is overseen by the Financial Reporting Council and its importance derives from the Financial Services Authority's Listing Rules...
- Cadbury ReportCadbury ReportThe Cadbury Report, titled Financial Aspects of Corporate Governance, is a report of a committee chaired by Adrian Cadbury that sets out recommendations on the arrangement of company boards and accounting systems to mitigate corporate governance risks and failures. The report was published in 1992...
(1992) - Greenbury ReportGreenbury ReportThe Greenbury Report released in 1995 was the product of a committee established by the United Kingdom Confederation of Business and Industry on corporate governance. It followed in the tradition of the Cadbury Report and addressed a growing concern about the level of director remuneration...
(1995) - Hampel ReportHampel ReportThe Hampel Report in 1998 was designed to be a revision of the corporate governance system in the UK. The remit of the committee was to review the Code laid down by the Cadbury Report . It asked whether the code's original purpose was being achieved. Hampel found that there was no need for a...
(1998) - Turnbull ReportTurnbull ReportInternal Control: Guidance for Directors on the Combined Code also known as the "Turnbull Report" is a report drawn up with the London Stock Exchange for listed companies. The committee which wrote the report was chaired by Nigel Turnbull of The Rank Group plc...
- Higgs Report (2003)
External links
- Full text of the Myners Report, Institutional Investment in the United Kingdom: A Review (2001)
- See the Review of Progress Report in pdf format
- See the general page by HM Treasury here