Manifest has this week published a Global Regulatory Review, keeping customers abreast of the latest developments in corporate governance and related disciplines around the world. Global capital markets and investors expectations towards them have changed radically over the past 20 years. Sir Adrian Cadbury could probably never have guessed what his dryly-titled “Report of the […]
Read MoreThe Swiss Federal Council recently published their “Proposal for an Ordinance against abusive remuneration practices” in response to the successful popular referendum on what has been dubbed the “Minder Initiative”. It is the first formal consultation stage ahead of the tabling of a formal legislative proposal, timetabled for November, in time for a January 1st 2014 implementation date. The […]
Read MoreAnother week, another consultation deadline in the world of responsible investment – last week the FRC’s consultation on the Stewardship Code. With so many column inches being taken up with coverage of scandals which have shaken the very bedrock of financial and investment services, we might well wonder if fine tuning the way that investors report their Stewardship activities […]
Read MoreWe are already fast approaching the anniversary of the first investor disclosures in response to the UK Stewardship Code: the raft of reviews and evaluations as to its impact is sure to begin soon, especially with the notion of a European Stewardship Code and the introduction of other similar Codes fresh in our minds as […]
Read More“Don’t be British, be Australian” is the message from Claire Bury, the EU’s corporate governance official. Speaking at the UK’s National Associate of Pension Funds investment conference in Edinburgh recently, Claire outlined the Commission’s approach to the forthcoming Governance Green Paper which will be launched in April. Not exactly the best timing in the world for […]
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 […]
Read MoreResponsible 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 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 has offered a new template for global governance with the introduction of the first formal code of conduct for investors. Under the watchful eye of the Financial Reporting Council, it is hoped that the Stewardship code will, as Chairman Baroness Hogg said: “be a catalyst for better engagement between shareholders and companies and create a […]
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 More