Blame traders

30 December 2002

Emap’s chief executive has spoken for many of his peers in slating "superficial" institutional investors. He has a limited point. But blametrading for the bubble does not help governance. Shareholders and executives must reconcile interests that do in fact converge.

This content is for Subscribers only

Context News

Sir Robin Miller, chief executive of media group Emap, has criticised shareholder activists for taking a "superficial interest in their investments" and denounced current interest in corporate governance as "furore". In a submission to the British governmentcommissioned inquiry into the role of nonexecutive directors, Miller argues that shareholders ought not to try and set executive pay, and blames inadequate shareholder interest for some recent corporate scandals. Emap has distanced itself from Miller's submission to the review, which it said had been made in a purely personal capacity.

Derek Higgs's review of the role of nonexecutive directors is due to be published in January.

Email a friend

Please complete the form below.

Required fields *