UK: Walker Guidelines compliance report

The Walker Guidelines Monitoring Group has published its first report. This sets out the actions taken by the Group and the performance of the private equity industry in complying with the Walker Guidelines. In the report it is noted:

"There has been a high level of support for, and commitment to, the Guidelines from the industry and a substantial majority of the portfolio companies reviewed have made good or acceptable disclosures with only a limited number of exceptions. Nevertheless, as one might expect in the first year, the nature of disclosure varies significantly".

An interview with Sir Michael Rake, the chair of the Guidelines Monitoring Group, has appeared in the Financial Times: see here.