Woodford: I am exception to an industry failing on activism

Giving evidence at the Business, Innovation and Skills Committee's inquiry into the Kay Review report on equity markets and long-term decision making, Woodford said his stance on corporate engagement marks him out from most of his peers. Woodford criticised the emphasis on "price over value" as a basis for investment decisions. He also said short-termism means investors are opting for "sale not voice" when it comes to struggling companies, preferring to sell the stock rather than open a dialogue with the management team. The manager of Invesco Perpetual's income funds is renowned for ...