With the consultation on a Stewardship Code for Institutional Investors closing today, UKSIF has submitted its comments.
Welcoming the Code, Penny Shepherd MBE, chief executive of UKSIF, said:
“Regulatory demand alone will not be enough. The power to make the Stewardship Code work is in the hands of pension funds and other owners of assets. Quality of stewardship should drive mandates, the way quality of stock picking does.”
Read the consultation response.