Governance Czech-Up

It took decades for American fund managers to assert their stock ownership rights in public companies. But in the Czech Republic, where nearly 70 per cent of stock is owned by investment funds, the power of fund managers has been crystal clear since the launch of the privatisation process. Indeed, the Czech market is left wondering whether those running investment funds want to be fund managers or industrial barons. In fact no market has been more open to developing a modern capital market