BIS consultation - a long-term focus for corporate Britain
01 November 2010Corporate Newsletter
An article in the November 2010 issue of the Hogan Lovells Corporate Newsletter.
As we report elsewhere in this issue, the Takeover Panel, while announcing a raft of changes to the Takeover Code to rebalance the playing field in favour of targets, decided that a number of the bigger issues raised by its consultation were essentially outside its ambit. On 25 October, BIS launched the government's consultation that was alluded to before the Panel's response came out. The process has started with a high-level call for evidence focusing on the relationship between markets and corporate behaviour. Dealing with matters such as whether short-termism in equity markets is a problem, how best to foster a long-term focus in UK corporates and whether bidder shareholders should vote on takeovers, it looks set to address, among other things, issues left untouched by the Panel.
To see a copy of the call for evidence, including details of how to respond, click here. Responses must be received by 14 January 2011.
View the November 2010 issue of the Hogan Lovells Corporate Newsletter here.