Call for hedge funds to pay short selling research charge
Monday, April 27, 2009 : PermalinkLondon Stock Exchange – Hedge funds that short stocks as part of their investment strategy should be forced to pay a levy to support research into the impact of the tactic on the markets, according to a new manifesto for the "fundamental reform" of corporate governance.
The document, published by corporate oversight and social responsibility consultancy PIRC, calls for the charge to be introduced alongside enhanced disclosure of listed companies’ pay and benefits, as well as binding shareholder votes on audit committee reports and remuneration policies.
Tags: audit committee, committee reports, corporate governance, enhanced disclosure, fundamental reform, investment strategy, levy, listed companies, london-stock-exchange, manifesto, oversight, remuneration policies, shareholder-votes, social responsibility, stocks, tactic
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