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 Financial Reporting Council (FRC) has said it is ready to make further changes to the UK’s corporate governance code to reflect concerns about the role of companies within society and to improve public trust in its annual report, Developments in Corporate Governance and Stewardship 2016. The report, published as the FRC marks 25 years since the […]
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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 MoreResponsible investment advocates have welcomed the government’s Local Government Pension Scheme guidance which provides a less prescriptive framework for investing as part of the requirement for local authorities to prepare their own investment strategy statement. The guidance is to enable local authority pension schemes to meet the obligations of new regulations due to come into force next […]
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A group of 13 US and Canadian fund managers, pension funds and company bosses have taken the unprecedented step of endorsing a set of corporate governance principles in a bid to quell rising unease and conflict around US governance standards. In an open letter the business leaders, who include Jamie Dimon, chairman and chief executive of JP […]
Read MoreSome UK investors can do more to show their commitment to the Stewardship Code’s principles according to Sir Win Bischoff, chairman of the Financial Reporting Council (FRC) speaking at the Chartered Banker’s Culture and Conduct Forum for the Financial Services Industry this week. Bischoff said that the FRC encourages investors to explain their stewardship policies and practices […]
Read MoreTaiwan’s Financial Supervisory Commission has published the Securities and Futures Institute’s second evaluation of Taiwan’s 5-year Corporate Governance Roadmap published in December 2013. This is an assessment of the corporate governance of 1,447 companies in 2015 – made up of 824 TWSE-listed companies and 623 listed on the Taipei Exchange (TPEx). Half of these companies have then been ranked according to the adherence to Taiwan’s corporate […]
Read MoreCompliance with the UK Corporate Governance Code remains high,with 90 per cent of the FTSE 350 complying with all but one or two provisions, according to the Financial Reporting Council (FRC) in its report, Developments in Corporate Governance and Stewardship 2015. Data compiled by Manifest on behalf of the FRC shows that, in respect of board and […]
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 […]
Read MoreThe International Corporate Governance Network (ICGN) has welcomed the ongoing work on the Japanese Corporate Governance and Stewardship Codes. A panel of experts was established in September to encourage the adoption of the codes as well as further improving corporate governance of all listed companies in Japan. Japan’s Stewardship Code, was established and released in February 2014 while Japan’s […]
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