Archive | March, 2011

NSFM Fiduciary Duty Consultation Paper

Keith Johnson writes: The NSFM in person meetings on 7 March in London and 9 March in Amsterdam included presentation of a public consultation paper on Reclaiming Fiduciary Duty. That paper is now posted [here] for broader NSFM participant and public comment. It builds on prior work of the NSFM Fiduciary Duty Working Group and […]

Read full storyComments { 0 }

Call for evidence: ICGN model contract terms

Asset owners are increasingly aware of the need for clarity in their fund manager mandates on their expectations for long-term investment. To help address this need, the Shareholder Responsibilities Committee of the ICGN has established a working group, led by NSFM participant Paul Lee, to consider and promote best practice in the agreements between asset […]

Read full storyComments { 1 }

NSFM in person: members meet for lively debate

On 7 and 9 March the NSFM held two ‘in person’ meetings in London and Amsterdam. 30 NSFM participants came along to debate long-term issues and systemic failures in the financial markets. Raj Thamotheram and Maxime Le Floc’h presented their analysis of how the 2010 Gulf of Mexico oil spill was allowed to happen and […]

Read full storyComments { 0 }

NSFM opinion: Pensioned off

Michael Mainelli writes: Pension policies everywhere are being pensioned off – defined benefit schemes in the UK are closed to new members or closing down; private sector workers are outraged by public sector pension commitments; the young are outraged by obligations to the old; and accountants and actuaries around the world should be ashamed of […]

Read full storyComments { 0 }