FRC PN 292
The FRC has today begun consultation on the content, operation and oversight of a stewardship code that will set out good practice for institutional investors when engaging with the UK listed companies in which they invest.
The FRC agreed to take on responsibility of oversight of the proposed code at the request of the Government, following Sir David Walker’s report on the corporate governance of banks and other financial institutions in November 2009.
Announcing the consultation Sir Christopher Hogg, Chairman of the FRC, said:
See full Press Release.
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