Japan has been progressive in the development of a stewardship code and a corporate governance code, however to make real impact this requires asset owners need to be more proactive in holding boards and executives of their investee companies accountable.
Japan has been progressive in the development of a stewardship code and a corporate governance code, however to make real impact this requires asset owners need to be more proactive in holding boards and executives of their investee companies accountable.
A new set of US stewardship responsibilities for investors and a governance framework for listed companies, backed by some of the largest US-based asset owners and managers, is long overdue.
There is scope for European legislation directing asset owners who issue mandates to service providers in Europe to say that they have “thought through” what they want their asset managers to engage with companies on, ICGN conference delegates heard. Peter Montagnon, senior investment adviser of corporate governance at the UK Financial Reporting Council, says there
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