Cherry picking US elements such as dual-class shares can’t ensure success in attracting IPOs, ICGN conference heard.

Tim Martin hits out at Fidelity; Disney appoints its first female chair; the LSE fines Sensyne Health; fund managers may not save the planet.

The Investment Association and investors Fidelity have both warned companies against excessive pay where furlough money has yet to be repaid.

Disclosures reveal that China’s Communist Party takes the lead over the Chinese state in the governance of many state-owned enterprises.

Investors call for remuneration committee chairmen to step down if pay policies fail to win backing of 75% of shareholders.

Investor group wants tougher action on executive pay, warning that government action could damage shareholder value.

Pay linked to performance would be more realistic than setting upper limits, says Fidelity’s global chief investment officer.