VW scandal could herald revolution in investment industry

Volkswagen’s emissions scandal could revolutionise the investment management industry because it has proved that a company’s corporate governance and environmental credentials must be taken seriously, the chief executive of Hermes Investment Management has said. Saker Nusseibeh said that Hermes’ fund managers pulled out of VW earlier this year because they feared its corporate governance standards were not up to scratch, in a move which spared the firm’s investors the pain of losing money after billions…

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VW scandal could herald revolution in investment industry

Volkswagen’s emissions scandal could revolutionise the investment management industry because it has proved that a company’s corporate governance and environmental credentials must be taken seriously, the chief executive of Hermes Investment Management has said. Saker Nusseibeh said that Hermes’ fund managers pulled out of VW earlier this year because they feared its corporate governance standards were not up to scratch, in a move which spared the firm’s investors the pain of losing money after billions…

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