Investment management Case Study Example | Topics and Well Written Essays - 2000 words

Investment management - Case Study Example Institute of Financial Services (IFS): Regulatory body for accreditation of fund managers Chartered Institute for Bankers (CIB) Financial Services Skills Council (FSSC): accredits competence of brokers, sales staff, and managers of financial services firms U.K.-based NGOs and lobby groups, such as Friends of the Earth, WWF, etc. Descendants of customers and shareholders Activist shareholder groups Local media Competitors (Schroders plc) Stock Exchanges: New York and Toronto International Financial Reporting Standards (IFRS): EU-wide accounting standards International NGOs European Union (Brussels) and its Directorate in Finance Other national governments of countries where customers and shareholders live International media People and Communities affected by natural disasters Competitors (FMR, Merrill Lynch) The focus on these two stakeholders is evident from the opening statement of its CEO in the latest Interim Report (AVZ, 2006a, p.1): "AMVESCAP continues to make good progress in our efforts to become a premier global investment management organization for our clients and shareholders." This can be classified as its mission, whilst its vision is captured by the words that appear below its corporate logo: "Helping people worldwide build their financial security". Still under this first group but next to the two most important stakeholders are the employees whose classifications are clear-cut as to behavioural standards established by the company. The "External-National" stakeholders include those who do business with the company, such as suppliers and sub-contractors, public and private institutions that perform specific regulatory functions over AVZ, and all other groups that may have a direct or indirect influence over how...This means that we can divide AVZ stakeholders (Freeman, 1984) into three groups: "Internal", "External-National", and "External-International". The "Internal" stakeholders are those who work for or are employed by the company, from the lowest (say, a temp secretary) to the highest (Chairman and CEO). Included are the shareholders, or owners of shares of AVZ in the London, New York, and Toronto stock exchanges, and AVZ's customers. The focus on these two stakeholders is evident from the opening statement of its CEO in the latest Interim Report (AVZ, 2006a, p.1): "AMVESCAP continues to make good progress in our efforts to become a premier global investment management organization for our clients and shareholders." This can be classified as its mission, whilst its vision is captured by the words that appear below its corporate logo: "Helping people worldwide build their financial security". The "External-National" stakeholders include those who do business with the company, such as suppliers and sub-contractors, public and private institutions that perform specific regulatory functions over AVZ, and all other groups that may have a direct or indirect influence over how the company is run and managed (Williamson, 1996).