The investors setting up a new permanent forum to co-ordinate oversight of UK companies were announced this morning, with others in the market warning strong leadership would be essential to make the initiative succeed.

The new group called the Investor Forum will start operating next June. James Anderson, a partner at Scottish fund manager Baillie Gifford, and Sacha Sadan, head of corporate governance at Legal & General Investment Management, are among the leaders of the group setting it up.