UK – Financial Reporting Council (FRC)

UK – Financial Reporting Council (FRC) – The UK Stewardship Code for Asset Owners and Managers and for Service Providers – October 2019. Covering:

Principles for Asset Owners and Asset Managers

Purpose and Governance

1 – Purpose, strategy and culture

2 – Governance, resources and incentives

3 – Conflicts of interest

4 – Promoting well-functioning markets

5 – Review and assurance

Investment Approach

6 – Client and beneficiary needs

7 – Stewardship, investment and ESG integration

8 – Monitoring managers and service providers

Engagement

9 – Engagement

10 – Collaboration

11 – Escalation

Exercising rights and responsibilities

12 – Exercising rights and responsibilities

Principles for Service Providers

1 – Purpose, strategy and culture

2 – Governance, resources and incentives

3 – Conflicts of interest

4 – Promoting well-functioning markets

5 – Supporting client’s stewardship

6 – Review and assurance