Walker Guidelines

The Walker Guidelines

In 2006, McCarthy and Stone reverted to private company ownership following investment by several private financial organisations. One of those organisations, Uberior Integrated Limited, is a wholly owned subsidiary of Bank of Scotland plc which has volunteered to comply with Sir David Walker's Guidelines for Disclosure and Transparency in Private Equity.

A Brief History

At the beginning of 2007 Sir David Walker was asked by the BVCA and a group of major private equity firms to undertake an independent review of the adequacy of disclosure and transparency in private equity. On 17 July 2007, Sir David issued a consultation document which sought views from the industry and related bodies following which Sir David's team issued their final guidelines which can be found on the Walker Guidelines Monitoring Group official website.

Voluntary Compliance

Whilst it has been acknowledged that Bank of Scotland plc is not a private equity firm as defined in the guidelines, both they and ourselves at McCarthy and Stone believe that the guidelines represent good corporate governance. As a result, we have signed up to them within the voluntary spirit of the 'comply or explain' principle outlined therein.

Annual Results

McCarthy & Stone's most recent Annual Results 31 August 2007 are available for download.

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