Closing the information gaps around talent and culture
“Culture is massively important”
Photo credit: Source: Edelman Smithfield Investor Pulse, November 2024
Source: Edelman Smithfield Investor Pulse, November 2024
It is not often the City Hive team attend an external conference and hear a panel focused on equity outlooks to zone in on the importance of corporate culture and talent retention, and the impact of these on investment outcomes.
So, Bev and I were practically cheering from our seats the Edelman Smithfield Investor Summit in December when senior management from Jupiter, BlackRock and Janus Henderson moved on to this topic unprompted within a panel answering the question: Are we at a turning point for investor preferences or will US big tech continue to dominate portfolios?
Panellists were shown a slide on where there are data gaps in the ‘valuable information provided by companies’ management team’. Edelman Smithfield had surveyed 300 global investors, and found 42% said there are big gaps data around ‘ability to attract and retain talent’. This was the highest, followed by gaps in ‘plans to mitigate impact of inflation of the business’ (38%) and ‘distributions to shareholders via dividends etc’ (37%).
“[Culture] is massively important,” said Matthew Beesley, CEO at Jupiter Asset Management, when the panel was asked whether their own clients wanted to find out more about internal culture.
“The UK regulator talks about a purposeful culture as a key thing they look at to determine the health of an organisation for a regulatory perspective,” he added.
Read the full blog: https://www.cityhive.co.uk/think-tank/closing-the-information-gaps-around-talent-and-culture