FRC lists successful signatories to UK Stewardship Code
News types: Generic Announcement
Published: 7 September 2022
It is also encouraging that signatories who were reporting for their second year, having first applied in 2021, had in most cases used the feedback they received to improve their reporting this year. The FRC saw improvements in several areas, such as the quality of activity and outcome reporting for engagement, collaboration and escalation; contributions to addressing market wide and systemic risks and improving the functioning of the financial markets; and reporting on how signatories monitor and hold to account third parties, such as asset managers and service providers.
Mark Babington, Executive Director of Regulatory Standards, said:
“I congratulate the new and returning signatories to the UK Stewardship Code. It’s also great to see improvements in how organisations are evidencing their stewardship each year and more tailored explanations on how they apply the Code to demonstrate their stewardship activity and outcomes effectively.
Using our feedback to provide clear, comprehensive and outcome-based reporting is what the spirit of the Code is all about and why it is considered the gold standard for stewardship across the globe.”