FTFM Institutional investors in the UK are under notice to become more active owners of the companies they invest in after last week’s proposals from Sir David Walker in a review commissioned by the UK government.
They will be required to disclose whether and how they engage with investee companies on a comply or explain basis under a Stewardship Code. If the recommendations are adopted by the government, this will be overseen by the Financial Reporting Council, which also oversees the Combined Code that governs best practice in corporate governance.
