EFAMA launches asset management stewardship code

Encouraging best practice on ESG and human rights

The European Fund and Asset Management Association (EFAMA) has published a new stewardship code, which aims to encourage best practice among asset manager members on issues such as ESG and human rights in the companies they invest in.

The EFAMA Stewardship Code, Principles for asset managers' monitoring of, voting in, engagement with investee companies, is a revised version of the 2011 Code of External Governance, and covers company monitoring, shareholder voting and engagement. Vanguard appoints European investment stewardship head The update follows the May 2017 publication of the Revised Shareholder Rights Directive (RSRD), which member states have to implement by June 2019. As a result, the new code includes updated language to bring it in line with the incoming regulation and current terminology. In additio...