Stewardship Code for Institutional Investors - 2017
Related Working Papers in News and Codes
Featured Working Paper
Shifting Contours of Directors’ Fiduciary Duties and Norms in Comparative Corporate Governance
Corporate law and corporate governance are often called upon to address problems in international and transnational contexts. Financial markets are global and the problems in those markets are often similar, if not identical, even though the...Read more
ESG Performance and Disclosure: A Cross-Country Analysis
We use a unique dataset to examine the link between ESG disclosure and quality through a cross-country comparison of disclosure requirements and stewardship codes. We find a strong relationship between the extent of ESG disclosure and the quality...Read more
Singapore’s Puzzling Embrace of Shareholder Stewardship: A Successful Secret
In the wake of the 2008 Global Financial Crisis, the UK created the first stewardship code which was designed to transform its rationally passive institutional investors into actively engaged shareholders. In the UK corporate governance context,...Read more
Diversity of Shareholder Stewardship in Asia: Faux Convergence
Since the UK adopted the world’s first stewardship code in 2010, stewardship codes have proliferated across Asia. Given the UK Code’s prominence, it is tempting to assume that every other stewardship code preforms the same function as the UK Code...Read more
Does Money Talk? Market Discipline through Selloffs and Boycotts
Using a novel dataset of negative news coverage of the environmental and social (E&S) risks of firms around the world, we show that customers and investors can provide market discipline and impose their ethical standards on firm policies....Read more