The Financial Conduct Authority (FCA) has published a set of proposals for a revamp of asset management stewardship and engagement standards, which would see the sector ramp up transparency efforts.
The proposals form part of a consultation paper setting out how parts of the Revised Shareholder Rights Directive (SRD II) will be implemented in the UK when it is set to come into force in June. Hermes' CEO Nusseibeh: ESG is permeating society - it is not just a fad SRD II aims to promote effective stewardship and long-term investment decision making by enhancing transparency of engagement policies and investment strategies across the institutional investment community. Executive director of strategy and competition at the FCA Christopher Woolard said: "Good stewardship is about e...
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