The New UK Stewardship Code & Stakeholder Engagement
Widespread developments and reform in the UK corporate governance regime have been taking place since 2016. The developments have impacted largely on the way that companies and their boards are expected to behave, particularly in the way that companies may interact with their stakeholders including its shareholders, employees, customers and suppliers.
This year, the focus in governance reform is moving to the behaviour of stakeholders, and particularly to the expectations which may be placed on shareholders in light of the calls now being made for increased stakeholder engagement and companies’ additional reporting requirements.
In January 2019, the FRC published for consultation the draft of a new UK Stewardship Code for investors, to replace the previous Stewardship Code, which had become widely recognised as having ceased to work effectively. The final version of the new Stewardship Code is expected to be published during the course of the summer and will provide a new framework for the behaviour of investors in UK markets in relation to the companies in which they invest.
The course will be of interest to those advising or acting for companies, investors and others in corporate affairs, governance and investor relations.
What You Will Learn
This course will cover the following:
- Investor behaviour following the Kay Review, the growth of shareholder ‘activism’ and the activities of proxy agents
- The concept of ‘stewardship’, and the relevance of this to the regulation of investors
- The impact of the amended EU Shareholder Rights Directive on certain categories of investor, including regulated ‘asset managers’ and insurance companies
- The content of the new UK Stewardship Code, and the obligations and expectations it will place on investors in their dealings with the companies in which they invest
- The development of company policy for engagement with shareholders and other stakeholders, in light of the guidance note ‘The Stakeholder Voice in Board Decision Making’ published jointly by the Investment Association and ICSA: the Governance Institute
2:00pm - 5:15pm
Please let us know if you wish to be notified when new dates are added for this programme