Assessing UKFI’s performance
We plan to measure our performance against a full range of indicators and benchmarks which can be used to measure progress on these conditions. We are still considering what would be the most robust qualitative and quantitative indicators to use, and will need to discuss these with a range of stakeholders before committing to them. However, the type of indicators we are considering include:
- in relation to the banks’ financial performance:
– profitability; and
– capital adequacy ratios;
- in relation to strategy in our investee banks:
– credible evidence of reform in their approach to managing risk;
– meaningful reform in their approach to remuneration, allowing them to attract the best talent available but linking incentives to long-term sustainable value creation;
– world-class board appointments, and highly effective boards; and – meaningful reform in their approach to remuneration, allowing them to attract the best talent available but linking incentives to long-term sustainable value creation;
– a strong track record for UKFI on engaging with our investee banks, including through exercise of our voting rights;
- in relation to investor perceptions, both of UKFI’s effectiveness and of the attractiveness of our investee companies as investments, we intend to explore the scope for systematically assessing the market perceptions of:
– the quality of UKFI’s engagement with other investors; and
– our impact on the investee companies as investments.
We would welcome any views on this approach, which should be addressed to enquiries@ukfi.co.uk
QUICK LINKS
PRESS RELEASE
16th May 2013Statement re: Lloyds Annual General Meeting
UKFI has lodged votes in favour of all resolutions at the bank’s Annual General Meeting on 16 May. download [15,3 KB]
PRESS RELEASE
14th May 2013Statement re: RBS Annual General Meeting
UKFI has lodged votes in favour of all resolutions at the bank’s Annual General Meeting on 14 May download [15,3 KB]