UK – The new corporate governance venture set up by the National Association of Pension Funds and US corporate governance firm Institutional Shareholders Service has now appointed a chief executive.

Owen Davies will spearhead the new venture, RREV (Research, Recommendations and Electronic Voting). RREV was set up by the NAPF and ISS and will be launched next year.

Davies was formerly managing director of NEP Ltd, part of Daily Mail and General Trust, owners of the Daily Mail newspaper. He has also worked for PricewaterhouseCoopers and Unilever.

The upsurge in shareholder activity inspired the new venture which will enable UK investors to access corporate governance analysis and electronic voting capability on a significantly wider range of companies in 80 other countries

The new company will offer a substantially enhanced service to institutional investors and fund managers already subscribing to the NAPF’s Voting Issues Service, and to UK clients of ISS.

NAPF Chief Executive Christine Farnish said: “The NAPF is revamping its corporate governance policies in the light of the Higgs review, and is anxious to ensure that high quality, value for money corporate governance services are more widely available in the UK through RREV.

“We are delighted that Owen Davies will be running the operational delivery of voting advice to institutional investors in the UK. He has valuable experience of many web-based information businesses of this sort.“