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Article: Has British industry lost touch with its investors? A MORI poll shows that UK companies and fund managers have radically different views on their dialogue. What's gone wrong?(Business)
- Article from:
- Marketing Week
- Article date:
- April 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In business, when the going gets tough, the tough go to dinner. So it was that business leaders met hostile institutional investors over nursery food at London's RAC club on Monday night in an attempt to find an alternative to the megaphone diplomacy that has characterised corporate governance of late.
The choice of the RAC club was interesting. Everyone calls it the RAC club, but that is a terrible tautology--in full it becomes 'the Royal Automobile Club club'. We could just call it the RAC, but this makes it sound as though captains of industry and the City's finest were meeting for conciliatory dining purposes at the headquarters of a breakdown service. While ...