Stewardship Code and other guidance for institutional investors

The UK Stewardship Code was initially published in July 2010 with the aim of enhancing the quality of engagement between institutional investors and companies, so as to help improve long-term returns to shareholders and provide for the efficient exercise of governance responsibilities by setting out good practice on engagement with investee companies that institutional investors should aspire to. As with the UK Corporate Governance Code, the UK Stewardship Code is applied on a comply-or-explain basis and the Financial Reporting Council categorises signatories to it based on the quality of their Stewardship Code statements. Other bodies such as the Institutional Shareholders Committee and the the Pensions and Lifetime Savings Association in the UK have also provided guidance to institutional investors on their responsibilities as shareholders. The Financial Reporting Council published the 2020 UK Stewardship Code in October 2019 to take effect from January 2020.

Stewardship Code

FRC and other developments in relation to Stewardship Code

Other guidance

Role of proxy advisors

Other reports and developments