Hill Heat Blues

8 February 2021 By Peter Thal Larsen Follow @Peter_TL

A review led by former European Commissioner Jonathan Hill may let companies going public sell fewer shares or offer stock with reduced voting rights. The decline in listings is real but reflects broad market changes. The risk is weaker corporate governance with little benefit.

This content is for Subscribers only

Context News

Britain’s finance ministry on Nov. 19 launched a review of listing rules to make the London stock market more attractive for fast-growing companies.

The review, led by former European Commissioner Jonathan Hill, will look at free floats and dual-class share structures, the finance ministry said.

“More dynamic equity markets will enhance the UK’s position as a world-leading financial centre, and drive growth and innovation across the wider economy,” Britain’s finance minister Rishi Sunak said in a statement.

British corporate lobby group the Institute of Directors on Jan. 6 said relaxing rules to attract more stock market listings to London could put at risk the UK’s strong track record on corporate governance.

Email a friend

Please complete the form below.

Required fields *