ShareAction boss hopes UK firms don't follow FAANG approach to stewardship

'S' of ESG still neglected

clock • 2 min read

ShareAction CEO Catherine Howarth hopes UK businesses continue to pioneer investor stewardship standards and refrain from adopting FAANGs’ standoffish approach.

Speaking at the Sustainable Investment Festival, Howarth pointed to the tech giant FAANGs which have often been criticised for workplace practices but have so far been unwilling to engage. "It's a huge challenge as a lot of the giant tech companies have armed themselves with corporate governance arrangements that very much limit the scope for shareholder dialogue," explained Howarth to the Sustainable Investment Festival audience. There have been numerous attempts to engage with the likes of Amazon and to establish a dialogue but these have been unsuccessful. As such, Howarth is conce...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Partner Insight: Navigating the Retirement Risk Zone

Partner Insight: Navigating the Retirement Risk Zone

Smoothed returns can play a crucial role in the approach to retirement, says Samantha Pardoe, senior investment development manager at Standard Life.

Sarka Halas
clock 26 February 2025 • 3 min read
PA Working Lunches: Long-term structural change with Scottish Mortgage

PA Working Lunches: Long-term structural change with Scottish Mortgage

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 25 February 2025 • 1 min read
Partner Insight: How smoothed funds can meet clients' needs

Partner Insight: How smoothed funds can meet clients' needs

Andy Brown, head of fund solutions at Standard Life, explains what led the firm to create its smoothed fund proposition.

Sarka Halas
clock 21 February 2025 • 2 min read