Governance reform needs ‘patient’ capital
Think-tank tells MPs the UK needs new investment trusts to encourage long-term patient capital.
Think-tank Tomorrow's Company says that UK corporate governance needs "long-term patient capital" to encourage companies to work for sustainable growth.
The view comes in a report written in response to MPs on the House of Commons business committee, who are investigating corporate governance.
Underlying the think-tank's claim is a proposal for new long-term capital trusts for investment. Tomorrow's Company says that they would be a "new tax-efficient investment trust structure that has a mandate to support UK economic growt
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