Governance watchdog sees improvement in the transparency of investors’ approach to engaging with companies, and in their reporting.
A number of investors have improved their reporting of how they approach stewardship, according to the Financial Reporting Council (FRC).
The reporting and governance watchdog introduced three tiers of investors based on the quality of their stewardship, encompassing their approach to investments, engagement, and transparency.
While 80 asset managers were assessed as meeting criteria to sit in the highest tier (1), a further 40 sat in the lowest tier (3). Following engagement between those in the lowest tier and the FRC, 20 have improved their reporting and have stepped up to tier 2. The other 20 have chosen to remove themselves from th
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda