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On 14 December 2015, the FRC announced that it will introduce public tiering of signatories to the Stewardship Code in July 2016 to improve reporting against the principles of the Stewardship Code and assist investors.
On 14 December 2015, the FRC announced that it will introduce
public tiering of signatories to the Stewardship Code in July 2016
to improve reporting against the principles of the Stewardship Code
and assist investors. The FRC stated that improved reporting will
help asset owners judge how well their fund manager is delivering
on their commitments under the Stewardship Code, help those who
value engagement to choose the right manager and in consequence
provide a market incentive in support of engagement.
To promote commitment to stewardship, the FRC will assess
signatories' reporting against the Stewardship Code and make
public its assessment. Signatories that meet reporting expectations
on stewardship activities will be classed as Tier 1, with Tier 2
covering all those not meeting reporting expectations.
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