UK - Merrill Lynch Investment Managers co-chairman Carol Galley admitted in court that if the objectives of achieving performance of +1% or -3% set by Unilever were treated equally, it would be impossible to achieve these benchmarks.
She said: “If the +1% and the -3% were perceived as equal I personally do not know any way of achieving that. In the context of a pension fund, I do not believe that is deliverable.” Galley went...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date