Stewardship Framework for Institutional Investors - 2017
Related Working Papers in News and Codes
Featured Working Paper
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
Corporate Governance Through Voice and Exit
How do active managers engage with portfolio firms? And, what role does monitoring and engagement play in their trading decisions? We use proprietary data from a large UK active asset manager with a long-standing commitment to stewardship to...Read more