Fund manager Neil Woodford has called for fellow institutional shareholders to take a leaf out of his book and get more engaged with the strategic direction of companies they invest in:
“If fund managers were disproportionately empowered or felt it was their responsibility to intervene in the day-to-day running of the business, that would create an imbalance. But most fund managers don’t behave like owners or think like owners.
“The problem is the reverse – there is not enough engagement, institutional shareholders don’t take enough interest in the strategic direction of a business.”
Read More: Citywire
