Institutional investors' views on corporate governance reform: Policy recommendations for the 21st century

Jill Solomon, Aris Solomon, Nathan Joseph, Simon Norton

    Research output: Contribution to journalJournal Articlepeer-review

    15 Citations (Scopus)

    Abstract

    Growing interest in UK corporate governance has engendered research on specific issues of corporate governance reform. However, there seems to be little research on the more general impact of recent reforms in corporate governance. In this paper we employ an extensive postal questionnaire survey to investigate: (i) UK institutional investors' general attitudes towards recent corporate governance reforms; (ii) whether UK institutional investors consider specific corporate governance initiatives to be of equal importance, and; (iii) whether all institutional investors represent a homogeneous group with respect to corporate governance reform. The empirical results indicate that institutional investors: (i) have generally welcomed the recent reforms; (ii) do not consider that specific corporate governance initiatives are equally important but attach more relevance to initiatives aimed at monitoring the principal/agent problem, and; (iii) may be treated as a homogeneous group, except in relation to voting policy, where pension funds appear more pro-active in their approach than other groups.

    Original languageEnglish
    Pages (from-to)215-226
    Number of pages12
    JournalCorporate Governance
    Volume8
    Issue number3
    DOIs
    Publication statusPublished - Jul. 2000

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