Aviva Investors has proposed reforms of sell-side research practices, which it said were failing investors by being "overly positive, sometimes biased, and preoccupied with short-term financial metrics".
The firm said poor sell-side research "contributes to a misallocation of capital and potentially rewards poor corporate practices" and that "many sell-side analysts do not apply enough scrutiny to businesses,...
Remains open to existing investors
Chairs first meeting this afternoon
Still 66% women in lower quartile
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