Author: Wilma Rix

FRC signals new approach to Stewardship Code obligations

The Financial Reporting Council has issued an update on its review of the UK Stewardship Code 2020 and interim measures for reducing reporting burdens and expectations. These aim to help achieve high quality stewardship outcomes but in a proportionate way and with a focus on UK growth. The FRC has also acknowledged the influential role of proxy advisors in investor information gathering and voting on listed company business, and is considering how to achieve greater transparency of these activities.