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The UK Stewardship Code (revision of 2010)

United Kingdom Current 2012

The UK Stewardship Code aims to enhance the quality of engagement between asset managers and companies to help improve long-term risk-adjusted returns to shareholders.

Issuer name

Financial Reporting Council (FRC)

More information

The Code sets out a number of areas of good practice to which the UK Financial Reporting Council (FRC) believes institutional investors should aspire. It also describes steps asset owners can take to protect and enhance the value that accrues to the ultimate beneficiary. Since 2010 all UK-authorised Asset Managers are required under the FCA’s Conduct of Business Rules to produce a statement of commitment to the Stewardship Code or explain why it is not appropriate to their business model.

Comply or explain


Organizations covered by the instrument

All Companies

Industry scope

Financial Services

Industry scope notes

Institutional investors; asset owners and asset manangers

Disclosure venue


ESG coverage- G (Governance)

Accountability, Anti-Corruption and Anti-Competitive Behaviour, Stakeholder Engagement, Structure & Leadership, Effectiveness

ESG coverage- Eco (Economic & General)

Trade and Investment




United Kingdom



Date of publication


Issuer type

Financial Market Regulators

Reporting requirements

Codes, guidance, and questionnaires

Mandatory or voluntary


The geographical scope


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