The revised Financial Reporting Council UK Stewardship Code is aimed at reducing the reporting burden and growing the UK economy.

Stewardship professionals, asset owners, asset managers and expert advisers from around the world will convene in London.

Shareholders with a controlling interest influence not only financial matters but can also wield great power over policy and politics.

The government’s reform proposals include seeking disclosures from many non-financial public interest entities.

Many chairs believe the focus on compliance has led to the board’s relationship with institutional investors deteriorating, report finds.

Tax transparency; huge response to climate reporting proposals; corporate influence on regulations; EU human rights due diligence directive.

Academic says the revised code requires “mandatory legal or regulatory impositions” if it is to remain relevant.

A new stewardship code for investors seeks to answer criticism that it was too focused on policy with little attention to outcomes.

Stewardship requires more active investor engagement enforced by asset owners to achieve best long-term returns, argues respected academic Professor Alex Edmans.

Governance watchdog sees improvement in the transparency of investors’ approach to engaging with companies, and in their reporting.