SMID cap engagement - where there's more bang for your stewardship buck

It is often tempting for asset managers to grab the headlines by reporting a juicy, memorable corporate engagement with a high-street name held within a portfolio. This will resonate further if that publicly listed company happens to be a current target of social activists, as is the case at present with the oil and gas majors. Yet, ironically, less prominence is given to engagement with smaller companies. Generally, the smaller the company, the more sensitive they are towards providers of their capital - the ‘oil' upon which they rely to lubricate and fuel their businesses - so the grea...