Banking failures raise corporate governance awareness

The standalone investment arm of the Co-operative group, says corporate governance has been spotlighted by the strategies of banks, in particular the remuneration packages of senior executives. Senior fund manager Mike Fox says CAM's ethically and socially responsible investment system indicated that it should go underweight banks and financials 12 -18 months ago, a strategy which saved its investors from much of the pain of the plummeting share prices that occurred in the sector. "We looked at the remuneration packages of many of the banks and considered that most senior executives were...