Scared to speak about governance

Nov 01, 2007

<p>Definition of 'concert party action' remains vague, but stricter interpretation may penalize investors discussing governance</p> <ul> </ul>

Back in 2005, after Werner Seifert, then chief executive of Deutsche Börse, was unseated from his post by a gaggle of hedge funds, German regulator BaFin intervened, citing concerns that the funds had been ‘acting in concert’. Had the group of investors been