UK Stewardship Code for Institutional Investors

July 07, 2010
The Financial Reporting Council has published the first UK Stewardship Code for institutional investors (the Code), which is largely based on the code on the responsibilities of institutional investors issued by the Institutional Shareholders Committee. In introducing the Code, FRC Chairman Baroness Hogg said, “We hope this new Code will be a catalyst for better engagement between shareholders and companies and create a stronger link between governance and the investment process”. This update examines the Code’s application and its most significant principles.