UK: The Government's response to the Kay Review of UK Equity Markets and Long-Term Decision Making

The Government's response to the Kay Review of UK Equity Markets and Long-Term Decision Making, and the individual recommendations made by Professor Kay in his final report, was published today: see here (pdf). Overall the Government accepts Professor Kay's analysis and his principles for equity markets. There is strong endorsement for the Good Practice Statement for Company Directors (included as an appendix in the Government's response) and, amongst other things, the Government has signalled that it will take a greater interest in mergers and acquisitions including greater engagement with companies and their investors.