Commenting on the UK Financial Reporting Council’s tiering of signatories to the Stewardship Code Richard Howitt, Chief Executive Officer, International Integrated Reporting Council said:
“The adoption of stewardship codes is becoming a feature of best practice corporate governance around the world. The FRC’s focus on ensuring the highest quality of reporting by fund managers against the code sets a new benchmark.
“The advancement of investor stewardship, alongside strong corporate governance, is creating the conditions for better dialogue between boards and investors. Increasingly this dialogue is based on strategic information which is at the heart of the whole movement towards integrated reporting by companies worldwide.”