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Companies must clarify purpose: FinkBY JAMIE WILLIAMSON | WEDNESDAY, 17 JAN 2018 12:54PM
The chief executive of the world's largest investment firm believes the world's public companies may lose their license to operate if they fail to engage with activist investors to ensure long-term value for shareholders.
Read more: investment, Larry Fink, funds management, social impact, shareholder activism, BlackRock
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Depression, Recovery, and the Risk of Time
The $80 billion fund manager has hired BMO Global Asset Management's Asia Pacific managing director as an executive director as the incumbent retires.
Wilson Asset Management has responded to allegations by Keybridge Capital, noting the investment manager has already failed twice in previous attempts to obtain orders of this kind.
The former head of ESG investment research at AMP Capital has taken up a new role.
Fortnum, Centrepoint, Easton Wealth, CountPlus, Fitzpatricks and Paragem have all criticised the Financial Planning Association of Australia's latest policy proposal.
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