Some of the world’s biggest asset managers are under fire for failing to respond to governance concerns at NMC Health, an embattled FTSE-listed healthcare operator that last week sacked its CEO and suspended trading in its shares amid a potential accounting scandal.

Pirc, the shareholder advisory firm, has criticised NMC shareholders for not spotting what it described as deviations from corporate governance best practice at the company, which is now being investigated by the Financial Conduct Authority.