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FRC Showcases Investor Backing for Stewardship Code

19 October 2010

The Financial Reporting Council (FRC) has published the names of the UK and international institutional investors who have signed up to the new Stewardship Code.

A total of 68 institutions have published statements of support for the Code, including 48 asset managers, 12 asset owners and eight service providers.

As well as leading UK institutions, the Code has attracted the support of a wide range of international investors, including the California Public Employees Retirement Scheme (CalPERS) and the Australian Council of Superannuation Investors.

The Stewardship Code was launched by the FRC on 2 July and aims to promote more active discussion between company boards and investors as a basis for improving the quality of corporate governance and long-term company performance.

For more see

http://www.frc.org.uk/press/pub2397.html

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