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FRC consultation response on the UK Stewardship Code

29 March 2019, The IR&M Committee has submitted a response to the FRC’s consultation on the revisions to the UK Stewardship Code 2019.

The Committee are broadly supportive of the revisions and most importantly the increasing level of transparency that the Code demands of asset owners, asset managers and service providers. However, there are some practical concerns noted over the implementation of the proposed Code, namely how investors may approach the completion of their annual Activities and Outcomes Report and the impact this may have on the demands on time of businesses.