Legal and regulatory news from around globe, including the new UK stewardship code, clarification of Singapore M&A rules, new EU regulations for the gig economy and Facebook’s appeal against German data ruling.
FRC stewardship code underlines 'outcomes'
A new UK stewardship code, published by the Financial Reporting Council, has asked investors to place more emphasis on performance against published policies.
Andrew Ninian, stewardship director at the Investment Association, said: “Asset managers have been clear that any new code should require signatories to report against actual stewardship activity, rather than just the policy that sits behind them, and should also reflect the growing range of issues that asset managers engage on, such as diversity and ESG.
“The new proposed code recognises these key issues and provides a platform for
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