Financial Reporting Council Announces Key Updates to the UK Stewardship Code

Monday, 22 July 2024, 13:09

The Financial Reporting Council (FRC) has announced critical updates to the UK Stewardship Code, focusing on enhancing financial accountability and sustainability. These revisions prioritize five key areas aimed at improving outcomes across the finance sector, particularly concerning pension funds. The initiative reflects growing demands for responsible stewardship within the financial landscape of the United Kingdom.

Yahoo Finance — Financial Reporting Council Announces Key Updates to the UK Stewardship Code

Key Updates to the UK Stewardship Code

The Financial Reporting Council (FRC) has implemented significant revisions to the UK Stewardship Code, targeting essential areas to bolster financial accountability within the industry.

Priority Areas

Transparency: Enhanced requirements for firms to disclose their stewardship activities.
Engagement: Encouragement of active engagement between investors and companies.
Accountability: Improved accountability standards for asset managers.
ESG Integration: Emphasis on integrating environmental, social, and governance factors into investment practices.
Outcomes: Focus on achieving better outcomes for stakeholders.

These updates are sure to reshape the financial landscape in the United Kingdom.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Key Updates to the UK Stewardship Code

Priority Areas

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