The Institutions: Combined Action
This chapter examines the variety of trade associations of institutional shareholders in the UK. It also describes the general issues that the institutions dealt with and continue to handle. There is also a wide range of areas of general interest in which the institutions have formulated policy, sought changes, or imposed rules. In some cases their ideas have been adopted by other bodies such as the Cadbury Committee or have culminated in the adoption of guidance. Some contributed to changes in legislation, or listing rules, whereas others went into areas which might reasonably have been the subject of legislation, and some have been largely ignored by companies. The publication of the Cadbury and Greenbury reports prompted a wide range of institutions to develop their own internal policy on corporate governance issues.
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