Asset manager says separated roles provide “a better balance of authority and responsibility”, which aligns with the long-term interests of investors.
A total of 48% of the top 50 global investors have issued position papers on their ESG strategy, although a gap remains between commitments and reality.
Asset owners and managers signed up to the Net-Zero Asset Owner Alliance include Nordea, Zurich, Allianz and Folksam, with more than $2.4trn in investments.
A new stewardship code for investors seeks to answer criticism that it was too focused on policy with little attention to outcomes.
The International Corporate Governance Network has unveiled its list of star players in global stewardship.
Stewardship requires more active investor engagement enforced by asset owners to achieve best long-term returns, argues respected academic Professor Alex Edmans.
Investor rights group claims some asset managers back management too often on controversial topics.