Catch up time
Companies in developed economies may be congratulating themselves about improved performance on corporate responsibility concerns but some emerging market businesses are beginning to match their peers in some areas, especially when it comes to environmental issues.
Bigger companies in emerging markets such as South Africa, Brazil and South Korea are leading the way in adopting environmental management policies and practices, says a report by the Sustainable Investment Research Analyst Network.
Unwelcome message from regulator
Some investors attending the NAPF conference did not take kindly yesterday to being told by Hector Sants, chief executive of the Financial Services Authority, that they had not done enough to prevent bank boards run amok and destroy value.
He suggested investors had failed to understand what they were buying and were too reliant on company reports, credit rating agencies and other “normal channels of information”. He wants investors to “challenge management to ensure their plans are credible”.
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FTfm's specialist writing team offer their insights into the global fund management industry.
Pauline Skypala has been editor of FTfm for four years having previously been deputy personal finance editor. She joined the FT in 1999 and has been writing on savings and investment issues throughout her career.
Steve Johnson, FTfm deputy editor, has been a journalist for 17 years, 10 of which have been with the FT.
Sophia Grene, reporter on FTfm, has been a financial journalist in print and online for 12 years.
Ruth Sullivan has worked as a financial/business journalist and foreign correspondent and for the past 10 years has been at the FT.
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