The ongoing fallout from the Neil Woodford saga — with the FCA now running its rule over fund governance — has put the wind up many in the fund management industry. But as investors, we also have to worry about mishaps and governance disasters at the companies in our portfolios.

Unfortunately, many UK businesses did not have a year to be proud of in 2019 either, from a second shareholder revolt over pay at the gambling company Playtech, to the seemingly endless saga at Sports Direct, with its controversial founder Mike Ashley. Fund managers have an important role in preventing such messes — and what we need is better communication with companies.