Welcome to Manifest-I

Welcome to Manifest-I the blog of Manifest Information Services Ltd. Here we take a wide ranging view of topical governance and stewardship issues. Please feel free to add your comments and join the debate. Sign up to receive free weekly updates.

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Delivering Diverse Viewpoints

In the pursuit of secure investment returns, diverse viewpoints based on high-quality data and varied information are critical for portfolio construction. We believe that share ownership is no different. Manifest intelligently navigates the complexities of global governance and voting delivering actionable and defensible stewardship insights.

Manifest: showing, not telling

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What’s happening to ownership?

Tomorrow’s Company has announced an investigation into the ownership of companies and how it is changing. Hermes Equity Ownership Services will be supporting the study which will be examining:

  • Future ownership trends;
  • Key trends and their meaning for companies; and
  • The impact of trends on companies ability to develop and grow.
Speaking at the launch of the study at a breakfast briefing at Cass Business School, Tomorrow’s Company founder director Mark Goyder said: “The debate so far has often been superficial. It has stereotyped entire asset classes…… but there are deeper issues that cut across asset classes. Do we see ownership as stewardship? If so that means some obligation to the company in which one is invested. Or do we see ownership simply as a claim on a commodity with no strings attached – in which case the ‘owner’ may have no qualms about wrecking strategies which justify their shorting the stock.”
The study intends to look at how different patters of ownership impact on behaviour and will examine how accountabilities can make a difference. It is also intended to look at the various elements of stewardship may have been diluted by market focus on the current share price, the rise of CFDs; stock-lending and shorting.

Links

Mark Goyder +44 (0)20 7222 7443
Colin Melvin +44 (0)20 7702 0888

What do you think?