JD Supra

2020 Update to the UK Stewardship Code

In March 2019, we reported that the UK’s Financial Reporting Council (“FRC”) was consulting on proposed changes to the UK’s Stewardship Code (the “Stewardship Code”) (see our previous memo here).
Pensions&Investments

U.K. Stewardship Code undergoes ‘significant revisions’ to reduce reporting burden

There will be “significant revisions” to the U.K. Stewardship Code application process, in part to reduce the reporting burden on participants, according to a statement by the code’s organizing body, ...
JD Supra

Financial Reporting Council Stewardship Code Early Reporting Review

In November 2019, we reported that the UK’s Financial Reporting Council (the “FRC”) had issued a revised Stewardship Code (the “Stewardship Code”) which came into effect from 1 January 2020 (see our ...
University of California

University of California signs on to Japan Stewardship Code

The University of California today (Oct. 21) became the first U.S. pension plan and endowment fund to sign the Japan Stewardship Code, which aims to promote responsible and sustainable economic growth ...
조선일보

FSC strengthens stewardship code with implementation reviews and broader scope

The Financial Services Commission will introduce an implementation review procedure to strengthen the enforceability of the stewardship code. A private body will review and approve the implementation ...
CSR Wire

What Is the Purpose of Stewardship?

The FRC published the UK Stewardship Code 20202 in October 2019. It includes a revised definition of stewardship: Stewardship is the responsible allocation, management and oversight of capital to ...
Pensions Expert

Calls for stewardship code to engage members as well as managers

On the go: The Financial Reporting Council’s stewardship code must “look both ways” and engage members as well as asset managers in developing guidance and standards, according to fintech company ...
CSR Wire

AB Signatory to the UK Stewardship Code

AllianceBernstein (AB) is proud to have been accepted as a signatory to the UK Stewardship Code for the fourth consecutive year. The Code sets high stewardship standards for those investing money on ...
Harvard Business School

Stewardship Codes and Shareholder Voting on Disputed Ballot Measures

Nguyen, Trang T., and Charles CY Wang. "Stewardship Codes and Shareholder Voting on Disputed Ballot Measures." Harvard Business School Working Paper, No. 20-035, September 2019.
아시아경제

Strengthening Fiduciary Responsibility of Institutional Investors... Mandatory Implementation Monitoring and Disclosure of Stewardship Code

The government and the private sector are working to strengthen the stewardship code in order to enhance the fiduciary responsibility of institutional investors. As there have been criticisms ...
조선일보

Democratic Party ties NPS manager selection to stewardship code compliance in Korea

The Democratic Party of Korea is pushing a plan to reflect stewardship code compliance evaluations when selecting delegated asset management firms that operate National Pension funds. The aim is to ...