''Institutional Investment in the UK: A Review'' (the ''Myners Report'') was a report to
HM Treasury
His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and ...
in March 2001 on institutional investors. It was delivered by
Paul Myners
Paul Myners, Baron Myners, (1 April 1948 – 16 January 2022) was a British businessman and politician. In October 2008 he was elevated to the House of Lords as a life peer and was appointed City Minister in the Labour Government of Gordon B ...
.
Government was concerned that
institutional investors were giving insufficient attention and resources to their holdings in non-listed companies. The report addressed this, in particular concerning pension fund trustees and fund managers.
Though some anticipated creation of public interest duties, the Report took the approach of asking whether institutional investors were acting in the best interests of their beneficiaries.
Summary
The report questions whether institutional investors in the UK are too risk averse and considers if there are any factors distorting the decision-making by institutional investors.
Back in 2001 UK pension funds were only investing 0.5% of their portfolio into venture capital, whereas the US equivalents invested 5%.
See also
*
Combined Code
The UK Corporate Governance code, formerly known as the Combined Code (from here on referred to as "the Code") is a part of UK company law with a set of principles of good corporate governance aimed at companies listed on the London Stock Exchang ...
*
Cadbury Report
The Cadbury Report, titled ''Financial Aspects of Corporate Governance'', is a report issued by "The Committee on the Financial Aspects of Corporate Governance" chaired by Sir Adrian Cadbury, chairman of Cadbury, that sets out recommendations on ...
(1992)
*
Greenbury Report
The Greenbury Report released in 1995 was the product of a committee established under the auspices of the United Kingdom Confederation of British Industry. The committee was formed at the behest of the President of the Board of Trade, Michael Hese ...
(1995)
*
Hampel Report
The Hampel Report was designed to be a revision of the corporate governance system in the UK. The remit of the committee was to review the Code laid down by the Cadbury Report (now found in the Combined Code). It asked whether the code's original p ...
(1998)
*
Turnbull Report
''Internal Control: Guidance for Directors on the Combined Code'' (1999) also known as the "Turnbull Report" was a report drawn up with the London Stock Exchange for listed companies. The committee which wrote the report was chaired by Nigel Turnb ...
*
Higgs Report
''Review of the role and effectiveness of non-executive directors'' (or the "Higgs review") was a report chaired by Derek Higgs on corporate governance commissioned by the UK government, published on 20 January 2003. It reviewed the role and effect ...
(2003)
Notes
External links
*Full text of the Myners Report
''Institutional Investment in the United Kingdom: A Review''(2001)
*The government's response
''Myners Review: Institutional Investment in the UK - The Government’s response''(2001)
*HM Treasury'
''Review of Progress''(2004)
*HM Treasury's brief overview of progres
2004)
Corporate governance in the United Kingdom
2001 in the United Kingdom
Reports of the United Kingdom government
Reports on finance and business
Pensions in the United Kingdom
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