BusinessCompany NewsInvestors could kill off smaller companies

Investors could kill off smaller companies

Smaller quoted companies could be 'killed off' by institutional investors' obsession with corporate governance guidelines, according to Directorbank.

Link: KPMG chief slams regulators over Sarbox

The executive recruitment agency said that after quoted companies issue their annual report they suffer a ‘deluge’ of questionnaires and phone calls from institutional investors.

These investors are forcing smaller companies’ non-executives to spend far too much time on corporate governance guidelines rather than to helping businesses run better.

‘Fund managers are building up a huge industry based on corporate governance,’ said Sarah Grnewald of Directorbank. ‘They are in danger of losing the plot. If they want to see real growth in their funds, they’ve got to let the boards concentrate on strategy and delivering profits.’

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor