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When Should UK Pension Trustees Flex Shareholder Muscles?

In January 2017 the UK Pensions and Lifetime Savings Association (PLSA), as a representative body for pension funds, published its amended Corporate Governance Policy and Voting Guidelines.

The PLSA observes that many of its members hold equity stakes in UK companies as part of their investment portfolio and have a clear interest in promoting the success of those companies.

The policy document has been prepared following consultation with PLSA members and seeks to help pension funds:

  • engage with investee companies in order to maximise the long-term returns on pension schemes’ assets; and

  • ensure that the board and management of these companies are held accountable to shareholders.

The main themes of the policy document are around corporate leadership, accountability and remuneration.

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About this Author

Matthew Giles Pension Attorney Squire Patton Boggs Law Firm
Partner

Matthew Giles is an attorney who leads Squire Patton Boggs' team of Pensions lawyers in Birmingham. The wider Pensions team was named Human Resources (Specialism) Firm of the Year 2018 at The Legal 500 UK Awards.

He is a former finalist at the British Legal Awards. He is regarded as a "Leading Individual" in Pensions by The Legal 500 UKChambers UK reports that he has a “practical, no-nonsense approach.”

Matthew specialises in advising on defined benefit pension plans, focussing on a range of deficit...

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