Editorial: Blurred lines

Author: | Published: 24 Apr 2014

When do engaged shareholders become activists? It's a question the British government may be forced to answer soon, as years of its well-intentioned proposals finally become material.

Benign shareholder engagement has been encouraged in the UK since 2010, when recommendations were included in the UK Stewardship Code. The practice was picked up again in 2012's Kay Report that recommended an investors' forum. And so the Collective Engagement Working Group was born, in December...