Australia’s Financial Services Council (FSC) which represents the country’s fund management and pensions industry has launched an Internal Governance and Asset Stewardship Standard for investment managers and asset owners. This is the first stewardship code introduced in Australia and the FSC noted that the country had lagged behind Asian markets including Japan and South Korea as […]
Read MoreKenya has adopted an investor stewardship code as part of its development as an attractive market for financial investment. The stewardship code was enacted by the country’s Capital Markets Authority which last year published a corporate governance code, developed in partnership with the World Bank Group. This code succeeded the earlier guidelines on corporate governance, which […]
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Guidance on Stewardship Code for institutional investors in Japan to perform their duties effectively has been published by the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI) and the Generation Foundation as part of its series on Fiduciary Duty in the 21st century. The Japan Roadmap outlines recent developments led by the government […]
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The Insurance Regulatory and Development Authority of India (IRDAI) has published a draft stewardship code for insurers in their role as institutional investors managing funds on behalf of policyholders. The IRDAI said: “Considering the fiduciary role played by the insurance companies as investors on behalf of the policyholders, it is felt that greater transparency is needed as […]
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The UK’s Financial Reporting Council (FRC) has revealed its first Stewardship Code tiering. For the first time, asset manager laggards have been threatened with de-listing; those in the lower tier 3 have been six months to improve. There are nearly 300 signatories to the Code, more than 120 are in the top tier 1, an increase from approximately […]
Read MoreThe Securities and Exchange Commission of Thailand is consulting on a draft corporate governance (CG) code, which will replace the country’s principles of good corporate governance 2012, and a new investment governance code. The deadline for responses to both consultations is the end of the month. In 2015, the SEC said it completed a survey to obtain […]
Read MoreTroels Lund Poulsen, the Danish minister for business and growth has tasked the Komitéen for god Selskabsledelse (Committee on Corporate Governance) with preparing a set of recommendations for corporate governance for institutional investors. The Code will ask for investors to ensure they focus on “healthy, long-term business operations” to ensure that Danish companies are as driven […]
Read MoreThe Financial Reporting Council is seeking to achieve more transparent and consistent reporting on the Stewardship Code by investment managers. The Code was introduced in 2010 following the recommendations of The Walker Review and sets out a number of areas of good practice to which investors should aspire and operates on a comply or explain basis. The […]
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Minerva Analytics (Manifest) has been a voluntary signatory of the FRC’s Stewardship Code since its launch in 2010. Our Stewardship Code reporting follows the key Principles of the Code. As a service provider to asset owners and managers, we have answered where we feel our role directly impacts the operation of the Code. As a […]
Read MoreIf 2008 was the year of crisis and 2009 the year of survival and steadying the ship, 2010 was the year of longer-term policy response. If one word stands out more than any other from the policy debates of last year, it is “Stewardship”. The word has so many aspects to its meaning, making it […]
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