Essential Steps to Close the ‘Stewardship Deficit’

Financial Times, June 2012

2 Pages Posted: 18 Jul 2012

See all articles by Simon C. Y. Wong

Simon C. Y. Wong

Northwestern University School of Law; London School of Economics; Tapestry Networks

Peter Butler

affiliation not provided to SSRN

Date Written: 2012

Abstract

In this opinion piece, we argue that value-adding engagement by investment managers could be enhanced through 1) relatively small portfolios, 2) use of performance measures that are sufficiently long-term as to permit stewardship efforts to bear fruit, and 3) appropriate rewards for outperformance.

Keywords: Corporate governance, stewardship, institutional investors

JEL Classification: G34

Suggested Citation

Wong, Simon C. Y. and Butler, Peter, Essential Steps to Close the ‘Stewardship Deficit’ (2012). Financial Times, June 2012. Available at SSRN: https://ssrn.com/abstract=2111602

Simon C. Y. Wong (Contact Author)

Northwestern University School of Law ( email )

375 E. Chicago Ave
Chicago, IL 60611
United States

London School of Economics

Houghton Street
London, WC2A 2AE
United Kingdom

HOME PAGE: http://www.lse.ac.uk/collections/law/staff/simon-wong.htm

Tapestry Networks ( email )

404 Wyman St.
Suite 225
Waltham, MA 02451
United States

Peter Butler

affiliation not provided to SSRN ( email )

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