Investors ‘expect boards to take a long-term view’ amid crisis
Open letter from the Investment Association details how members will help to “keep corporate Britain working”, with guidance on executive pay, dividends and financial reporting.
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Investors expect boards to focus on a “long-term” approach to coping with the economic impact of the Covid-19 crisis, according to guidance from one of the largest groups of asset managers in the UK.
The Investment Association has written an open letter to company chairs providing details of the way investment managers will help to “keep corporate Britain working”. The guidance ranges across executive pay, dividends, engagement, financial reporting and capital.
The guidance says investors expect companies to consider the “suitability and sustainability” of dividend payments in the current environment.
On executive pay, th
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