Stewardship for Institutional Investors - Consultation Deadline
16 Apr 2010
Financial Reporting Council - Deadline for comments on the FRC’s paper on the content, operation and oversight of a stewardship code that will set out good practice for institutional investors when engaging with the UK listed companies in which they invest.
The FRC has begun consultation on the content, operation and oversight of a stewardship code that will set out good practice for institutional investors when engaging with the UK listed companies in which they invest.
The FRC is seeking views on:
- Whether the code published by the Institutional Shareholders’ Committee in November 2009 provides a suitable basis for the Stewardship Code, in either its existing or an amended form;
- What the responsibilities for engagement of institutional shareholders and their agents are to the beneficial owners whose money they manage;
- How adoption of the standards in the code by UK and foreign investors can be encouraged;
- What information investors should disclose on their engagement policy and practice; and
- What arrangements should be put in place to monitor how the code is applied.
Deadline: 16 April 2010
Source: FRC website
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