Almost all FTSE350 firms put all of their directors up for re-election every year thanks to increased take-up of the Stewardship Code, the Financial Reporting Council says.
Half of FTSE350 firms fail to comply with the UK corporate governance code, but more companies actively seek engagement with investors on governance issues than last year, Grant Thornton says.
Investment advisers need to do more to support pension fund engagement on stewardship matters, the National Association of Pension Funds says.
Institutional investors are increasingly incorporating the UK Stewardship Code into overall investment approaches, the Investment Management Association has found.
Labour has accused the coalition of failing to take stewardship seriously after a series of amendments to the Financial Services Bill were rejected by the government.
The Financial Reporting Council has started a consultation which could change the definition of stewardship in the UK.
Labour has put forward a series of amendments to the Financial Services Bill to strengthen stewardship practices in the UK.
Any ‘collaboration' between pension funds and companies could be classified as insider trading under a revised European Union directive.
Just 15% of asset managers that have produced a Stewardship Code statement disclose full voting records, according to research from a shareholder pressure group.
A group of high profile institutional investors have banded together to try to improve stewardship in the UK.