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FRC comments on publication of IMA Stewardship Code Survey

PN 30/14
19 May 2014


Commenting on today's publication of the IMA's fourth report on adherence to the FRC’s Stewardship Code, Executive Director Codes and Standards, Melanie Mclaren said:

"The FRC is pleased to see that asset manager mandates are referring more to stewardship and that investors are engaging on a broad range of issues. This is essential if we are to see the success of effective stewardship over the long term. The IMA’s work in this area is very helpful and FRC will be closely monitoring the AGM season to gather further information."
 
The full report can be found here: http://www.investmentuk.org/research/stewardship-survey/

Notes to editors:

  1. The FRC is responsible for promoting high quality corporate governance and reporting to foster investment.  We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work.  We represent UK interests in international standard-setting.  We also monitor and take action to promote the quality of corporate reporting and auditing.  We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.
     
  2. All press enquiries should be directed to: Peter Timberlake, Head of Communications on telephone: 020 7492 2397/ 07768 502332, or email p.timberlake@frc.org.uk. Or to Sophie Broom, Communications Executive, on telephone: 020 7492 2395/ 07771 808464 or email:s.broom@frc.org.uk 



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