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On 14 December 2018, the Private Equity Reporting Group (PERG) issued a report assessing the private equity sector's conformity with the Walker Guidelines ...
On 14 December 2018, the Private Equity Reporting Group
(PERG) issued a report assessing the private
equity sector's conformity with the Walker Guidelines
(PERG's 11th Report) and providing recommendations to the
British Private Equity and Venture Capital Association
("BVCA").
The report found, among other things, that:
All portfolio companies sampled
complied with the disclosure requirements in their annual report
compared to 79% in the 2017 PERG Report.
Of the companies reviewed, 81% and
74% published their annual reports and mid-year updates,
respectively, on their websites in a timely manner (compared to 78%
and 72% in 2017).
There was a drop in non-compliance
within the sample as 7% of portfolio companies (all of which were
backed by non-BVCA members) had not complied with any of the
components of the Walker Guidelines that applied to them compared
with 12% in 2017.
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