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Governance still problem

Corporate governance has shown “no real improvement” over the last two decades and continues to pose a problem globally, says Templeton’s Dr Mark Mobius.

He said: “I would say the majority of companies in emerging markets have good corporate governance but it is maybe 20-25 per cent that creates the problem. Many family-controlled companies continue to think they have the right to do whatever they want, regardless of what impact it has on minorities, so we have to be vigilant, it is a continuing challenge.”

He said the group was able to overcome these difficulties as there was greater awareness of the situation, good research and more choices available.

Templeton executive vice-president for research in Poland Greg Konieczny said: “Shareholder activism among institutional investors is down significantly. Very often, when there are difficult decisions to make, they do not show up at shareholder meetings and they do not vote.”


Mundy gets co-manager on Global Special Sits

Mark Wynne-Jones has been made co-manager on the Investec Global Special Situations fund alongside Alastair Mundy.Wynne-Jones has been a part of Investec Asset Management’s contrarian team of managers since he joined in August 2005.Before that he worked as head of UK research at UBS Wealth Management and also spent time at Cavendish Asset Management as […]

Amsellem joins Thames River

Joel Amsellem has joined Thames River from Quantum, bringing his UK Absolute Income fund with him.The group has renamed the fund Thames River UK Absolute Income, although there will not be any changes to its management style or investment process. More launches are planned this year within its income yielding product range, according to Charlie […]

Dedicated line

It is a current obsession of mine – for which I make no apologies – that while protection remains the poor relation of our industry, it ought to be the bedrock. If you are unconvinced this is the case, then you are simply not paying attention.

Tories plan pension cash deal

The Conservatives may allow investors to take the majority of their pension fund as cash after securing a minimum income with an annuity.


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