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Written by Calum Haswell
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Tuesday, 06 July 2010 |
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The Financial Services Authority has published the first Stewardship Code for institutional investors following the publication in May of the updated UK Corporate Governance Code for listed companies.
The code aims to improve the quality of corporate governance through promoting better dialogue between shareholders and company boards, and more transparency about the way in which investors oversee the companies they own.
The Code includes principles on:
- The monitoring of investee companies;
- The escalation of activities taken to protect or enhance shareholder value;
- Collective engagement;
- Voting policy;
- Managing conflicts of interest; and
- Public reporting and reporting to clients.
The code and implementation document (both PDF) are available on the FSA website.
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