Over the past few years, the management of unclaimed assets has come to the fore and has been subject to scrutiny by the media and the government. As a consequence, following the implementation of the Dormant Bank and Building Society Accounts Act 2008, the UK now looks set to adopt further "escheatment" laws, such as those that are in place in the USA and Australia, giving the state the power to claim unclaimed assets if the companies holding these assets fail to identify and return them to their rightful owners.
Asset reunification and improved record-keeping, for example, are becoming essential to good corporate governance. It makes sense for a company to be clear about the status of all its investors. Equally, any programme designed to resume contact with stakeholders can act as indirect marketing, with a significant impact on the bottom line.
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