Wearing Hermes
By Emiliya Mychasuk and Emiko Terazono
Published: July 24 2009 03:00 | Last updated: July 24 2009 03:00
Sir Mark Moody-Stuart comes fresh from the difficult experience at the hands of investors as Anglo American chairman to looking at it from the other side as chairman of the Hermes pension fund advisory business.
Hermes Equity Ownership Services, which advises funds on governance, is banking on Sir Mark’s boardroom relationships. These include Shell, which he chaired, where investors have opposed pay policies. Hermes EOS chief Colin Melvin said it was aiming for “further credibility in its engagements with companies”. Sir Mark will be more sympathetic to boardroom dilemmas than the average fund adviser.
Copyright The Financial Times Limited 2009
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