PIRC : independent research and advisory consultancy

PIRC is the UKs' leading independent research and advisory consultancy providing services to institutional investors on corporate governance and corporate social responsibility. Since 1986, it has been the pioneer and champion of good corporate governance within the UK.
Authoritative resource
PIRC has a wide spectrum of clients ranging from pension funds, faith-based investors, trade unions to banks and asset managers. Its Corporate Governance Service is an authoritative and vital resource for active investors, whilst its widely-read Shareholder Voting Guidelines provide a market-wide benchmark for investors and forms part of the movement for corporate governance reform and long-term wealth creation strategies for responsible investors.

For more information about PIRC or to arrange a meeting, contact Janice Hayward, or call us on 0207 247 2323.

FSA extends shorting regime

The Financial Services Authority has further extended its disclosure regime in respect of short positions relating to financial stocks. The FSA’s reporting regime requires net short positions exceeding 0.25% of a company’s issued shared capital or increases by 0.1% bands above that to be disclosed.

The FSA states that the continuation of the disclosure regime is intended to “minimise the potential for market abuse and disorderly markets in UK financial sector stocks”. It also states that the majority of respondents to its consultation on extending the disclosure requirement were supportive.

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“PIRC is in the DNA of good corporate governance”

“Let’s not forget how quickly yesterday’s heresy can become today’s mainstream opinion. Ten years ago PIRC was portrayed as pursuing a radical agenda. Now much of what PIRC said in the past is in the DNA of UK corporate governance. Back then many fund managers did not even vote, now the large majority do, and many try and vote intelligently rather than routinely supporting management.“
Brendan Barber
General Secretary, Trades Union Congress, October 2003