This is the list of service providers which have published a statement of commitment to the UK Stewardship Code. Please note that inclusion on this list does not mean formal endorsement by the FRC of an institution's compliance with the Code. The purpose of the Statements is to enable the market to judge the level of commitment and to provide a basis for discussion with relevant parties.
This list does not include organisations which have informed us that they wish to explain their alternative investment strategy rather than commit to the Code, or organisations which have informed us that they have produced a policy statement but do not wish to be included in this list.
In 2016 the FRC assessed signatories to the Stewardship Code based on the quality of their Code statements. This work was undertaken to improve the quality of reporting against the Code, encourage greater transparency in the market and maintain the credibility of the Code. Tiering distinguishes between signatories who report well and display their commitment to stewardship, and those where reporting improvements are necessary. The tiering exercise has improved the quality of reporting against the Code, promoted best practice and resulted in greater transparency in the UK market.
Service provider signatories have been categorised in two tiers.
Signatories provide a good quality and transparent description of their approach to stewardship and explanations of an alternative approach where necessary.
Expert Corporate Governance Service (ECGS)
Glass Lewis & Co
Hermes Equity Ownership Services
Institutional Voting Information Service (IVIS)
ISS Governance Services
Lane Clark & Peacock LLP
Manifest Information Services Ltd
Willis Towers Watson
No service providers were assessed as being in tier 2.