Lord Myners, Financial Services Secretary to the UK Treasury, has singled out three fund management chief executives for praise because of their attitude to company ownership. Myners said: “I would point to Peter Chambers, Keith Skeoch and Michael McLintock as the examples of those providing leadership in how shareholders should behave as owners of companies.”

Each of the three runs the asset management arm of an insurance company. Chambers, who used to work for Myners at UK fund manager Gartmore, is chief executive of Legal & General Investment Management. Skeoch is chief executive of Standard Life Investments. McLintock is chief executive of M&G Investments, owned by UK insurer Prudential.