Updating the Myners principles: a consultation

15 October 2008

The Government has published its response to consultation on proposals to update the Myners principles. This consultation, which closed in June 2008, was based on a study commissioned by the Government and carried out by the National Association of Pensions Funds (NAPF) in 2007.

The key themes which came out of the consultation process are:

There will be a smaller number of simplified, higher-level principles.
These principles will be linked to a body of higher quality, more selective and accessible guidance and trustee tools.
There will be greater industry ownership of the principles, guidance and trustee tools through the establishment of a joint Government-industry Investment Governance Group.
There will be a more robust approach to disclosure and industry debate, within a voluntary 'comply or explain' approach.

The Investment Governance Group is an industry led body with its membership comprised of experienced figures directly involved in the governance of investment decision-making. This group has a mandate to tackle the issues identified in the NAPF’s proposals and endorsed by the consultation.

Updating the Myners principles: a consultation is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.

Updating the Myners principles: a response to consultation (PDF 504KB)

Members of the Investment Governance Group (PDF 69KB)

Updating the Myners principles: a consultation

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