Running the Stewardship Race: What Will Define London 2012?

We 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 …… continue reading >>

Share owners should give a XXXX says EU

“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 …… continue reading >>

The role of asset owners in making the Stewardship Code work

If 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 …… continue reading >>

Stewardship Code – FairPensions starts benchmarking

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 …… continue reading >>

South African Stewardship Code being drafted

The 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 …… continue reading >>

Investors (and advisors) get their own code

The 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 …… continue reading >>

New Institutional Investor Council for UK?

The prospect of a new Stewardship Code appears to have re-ignited fresh enthusiasm for collaborative governance with the Institutional Shareholders Committee (ISC) announcing its intention to form a new body, to be called the Institutional Investor Council. The grand aim of the ISC creating the IIC is to “build a single voice for …… continue reading >>

FRC: Game-keeper turns poacher

As the consultation on the UK’s Stewardship Code draws to a close, the UK’s reporting regulator, the FRC, has moved to strengthen its secretariat with the appointment of ABI governance veteran, Peter Montagnon.

Montagnon will join his former ABI boss Stephen Haddrill, on June 1st. FRC chairman Christopher Hogg said that Montagnon’s appointment would: “significantly …… continue reading >>

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