The world’s largest asset managers have held secret summit meetings (Financial Times)

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Highlights:
Jamie Dimon, chief executive of JPMorgan Chase, and Warren Buffett convened the sessions with the heads of BlackRock, Fidelity, Vanguard and Capital Group to work on a new statement of best practice that would cover the relationship between US companies and their investors.

The asset management bosses, including Abby Johnson of Fidelity, Larry Fink of BlackRock and Tim Armour of Capital Group, met most recently at JPMorgan’s New York headquarters in December, the Financial Times has learnt, following a first meeting in August.

An increasing number of US companies have also agreed this year to offer long-term shareholders the right to nominate their own candidates for board directors.

Reference
Ft.com

Photo from Fool.com

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