Global Stewardship Codes shown in the list below are the key international codes. Stewardship Codes are usually addressed at institutional investors and outline out good practice for engagement with investee companies. Stewardship Codes are generally voluntary and operate on a “comply or explain” or “if not, why not” basis. Stewardship Codes may have an element of regulatory impetus, for example by inclusion in asset manager conduct of business rules. The Stewardship Codes may have been developed by membership bodies or through regulatory bodies.

Existing Global Stewardship Codes

Australia	Australian Asset Owner Stewardship Code (2020)
Brazil	AMEC Stewardship Code (2021)
Bulgaria	Bulgarian Code For Corporate Governance (2016)
Canada	Principles for Governance Monitoring, Voting and Shareholder Engagement (2010)
Europe	Principles for the exercise of ownership rights in investee companies (2017)
Hong Kong	Principles of Responsible Ownership (March 2016)
India	Stewardship Code for all Mutual Funds and all categories of AIFs, in relation to their investment in listed equities (2019)
Italy	Italian Stewardship Principles for the Exercise of Administrative and Voting Rights in Listed Companies (2016)
Japan	Principles for Responsible Institutional Investors (2020)
Kenya	Stewardship Code for Institutional Investors (2017)
Korea	Korea Stewardship Code (2017)
Malaysia	Malaysian Code for Institutional Investors (2022)
The Netherlands	Dutch Stewardship Code (2018)
Singapore	Stewardship Principles for Responsible Investors (2022)
South Africa	Code for Responsible Investing (2011) Code for Responsible Investing 2 (2022)
Switzerland	Swiss Stewardship Code (2022)
Taiwan	Stewardship Principles for Institutional Investors (2020)
Thailand	Investment Governance Code for Institutional Investors (2017) Corporate Governance Code for listed companies (2017)
United Kingdom	The UK Stewardship Code (2020)
United States of America	Stewardship Framework for Institutional Investors (2017)
Global Code	ICGN Global Stewardship Principles (2020)

The International Corporate Governance Network (ICGN) is currently developing a Stewardship Code Network to support the development of stewardship codes.

Please also see the ICGN Global Stewardship Principles.

Last Updated: 22 June 2020