Hermes, the manager of Britain’s biggest pension fund, has signalled its
intention to get tough with companies on corporate governance after appointing
one of America’s leading shareholder activists as its next chief executive.
Mark Anson will take over as the head of Hermes, which manages £58bn of funds
including BT’s pension scheme and large parts of the Royal Mail’s, when current
chief Tony Watson retires in January.
Anson, current chief investment office of the Californian Public Employees
Retirement System, Americas largest pension fund, is well known for his
shareholder activism. In the past he has taken on Morgan Stanley’s chief
executive Philip Purcell over his pay package and recently launched attacks on
several companies, including Shell, over links with Sudan.
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live