The rights of UK shareholders are being eroded by the rise of do-it-yourself investment companies, according to a review by the Law Commission into reforms aimed at boosting corporate governance and transparency.
A little-known quirk surrounding the way customers buy shares and investments means that almost no UK investors legally own the shares they buy, resulting in a severe erosion of shareholder rights over the past decade.
The review, commissioned by the Department for Business, Energy and Industrial Strategy, will explore potential reforms to improve corporate governance and transparency and aims to help shareholders have a greater say in the running of UK plc.
Private individuals own around 12.3 per cent by value of the UKs …
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