CalSTRS endorses Stewardship Code

The 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 …… continue reading >>

FRC to consult on Stewardship Code

The 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 …… continue reading >>

UK - shareholders to get independent Stewardship Code

There’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 …… continue reading >>

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