UK - Railtrack is the "daddy of corporate governance scandals", according to the National Association of Pension Funds' (NAPF) investment council chairman Alan Rubenstein, but the NAPF will not be asking its members to co-sign a letter to the Treasury, as 20 leading fund managers did to protest at the government's handling of the collapsed rail infrastructure company.
At the conference, Rubenstein told delegates: “As part of the Institutional Shareholders Committee, the NAPF has been lobbying for a quick solution to this mess. I believe the Government has a limi...
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