Boards of infrastructure firms should be overhauled, with independent chairmen and directors, shareholder committees and board effectiveness reviews, argues Hermes Investment Management.
One of the UK's biggest investors has called for improved corporate governance in infrastructure companies.
Hermes Investment Management wants to see boards overhauled, the introduction of shareholder committees, and the alignment of executive pay to social and environmental factors, the investor reveals in a new report.
Peter Hofbauer, head of infrastructure at Hermes Investment Management, said: “Few asset classes are as necessary, or significant, to the daily lives of individuals as infrastructure. These businesses, which can provide essential social services, including access to water, energy, health and social care, and vital
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