Revisions to UK Stewardship Code
The Financial Reporting Council (FRC) has launched a public consultation on the revisions to the UK Stewardship Code (‘Code’). The consultation period is from 11 November 2024 to 19 February 2025.
Key changes to the Code include:
- Amendments to the definition of stewardship.
- Revised reporting process, including less frequent reporting of policies.
- Code’s Principles are streamlined with more concise reporting prompts.
- Service Providers Principles are tailored to be applied by proxy advisors and investment consultants.
- An issuing guidance to support the Code’s signatories in implementing the Code.
- Introduction of the ‘Policy and Context Disclosure’.
- Permission for Code’s signatories to cross-reference to other disclosures.
Read more about the revisions to the Code and consultation details here
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