Responsible investment charity FairPensions has published the first comprehensive analysis of the UK’s leading asset managers’ approach to the Stewardship Code. Despite “encouraging signs of improvement”, FairPensions’ research reveals that 41% of the asset managers fail to publicly disclose information relating to their engagement activities and just 31% provide detailed explanations of their engagements. The wide variation in […]
Read MoreManifest and strategic partners GES Investment this week submitted their joint Stewardship Code disclosure to the UK’s Financial Reporting Council. Here is the full text of our Stewardship Code Disclosure, together with a PDF copy:
Read MoreThe South African Times has reported that a ‘group of stakeholders within the investor community have with the assistance of The Institute of Directors in Southern Africa (IoDSA) convened a committee for the drafting of a code for responsible shareholder investing’. The new Code is expected to supplement the existing King III Corporate Governance Code […]
Read MoreThe UK’s Investor Relations Society is seeking to put its members at the heart of the governance role according to a guidance consultation published this week. The consultation is the Society’s response to the FRC’s own consultation on the UK Governance Code and the Stewardship Code. Of particular interest to governance professionals will be Principle 2, […]
Read MoreManifest has welcomed the Financial Reporting Council’s role as the new guardian of an institutional investor Stewardship Code but has proposed that the Code itself should be the subject of its own consultation rather than a simple grandfathering of the existing ISC principles. Proposals for a parallel code for investors to sit alongside the UK […]
Read MoreThe Financial Reporting Council (FRC), the UK’s corporate governance regulator, wants to hear from institutional investors in the UK and overseas about its proposals for a new “Stewardship Code” aimed at creating best practice principles for investors when engaging with the UK listed companies. The Stewardship Code is based on a set of principles originally drafted […]
Read MoreThe California State Teachers’ Retirement System (CalSTRS), the second largest public pension fund in the United States, has endorsed the Stewardship Code for institutional investors, becoming the first US-based fund to back the policy, which it called a “standard for good corporate governance.” The Stewardship Code, for which the FRC is to take reponsibility for […]
Read MoreThe Financial Reporting Council has welcomed the recommendations of The Walker Report and confirmed its committment taking ownership of the proposed Stewardship Code, subject to consultation. The FRC is set to issue a report on its own review of the impact and effectiveness of the Combined Code in early December, together with a draft revised Code […]
Read MoreThere’s no small irony that Lloyds Banking Group will be asking 2.8 million private shareholders to back its £13.5 billion fundraising, the biggest deal of its kind in UK history, on the same day that Sir David Walker makes his final recommendations to Her Majesty’s Government on how the governance of the UK financial sector […]
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The US has moved a step closer to a national stewardship and governance code with the launch of the Investor Stewardship Group. The signatories and supporters of the $17 trillion group are now urging all institutional investors to join the framework. The framework includes a set of six corporate governance principles for companies to follow and six stewardship […]
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