The UK Stewardship Code made simple
The Stewardship Code was issued by the Financial Reporting Council (FRC) in July 2010.
Its objective is to facilitate better engagement between organisations and shareholders to help improve governance and long-term returns.
The Code is primarily directed at investment managers who act on behalf of asset owners. But asset owners, such as pension funds, are also strongly encouraged by the FRC to report if and how they have complied with the Code’s Principles.