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THE UK STEWARDSHIP CODE 2020 - Financial Reporting …

THE UK STEWARDSHIP CODE2020 Financial Reporting Council2 Guidance on Board Effectiveness 20182020 UK STEWARDSHIP CodePRINCIPLES AT A GLANCEPRINCIPLES FOR ASSET OWNERS AND ASSET MANAGERSP urpose and governance1. Purpose, strategy and culture2. Governance, resources and incentives 3. Conflicts of interest4. Promoting well-functioning markets5. Review and assuranceInvestment approach6. Client and beneficiary needs7. STEWARDSHIP , investment and ESG integration 8. Monitoring managers and service providersEngagement9. Engagement10. Collaboration11. EscalationExercising rights and responsibilities12. Exercising rights and responsibilitiesPRINCIPLES FOR SERVICE PROVIDERS1. Purpose, strategy and culture2.

and UK standards for accounting and actuarial work; monitors and takes action to promote the quality of corporate reporting; and operates independent enforcement arrangements for accountants and actuaries. As the Competent Authority for audit in the UK the FRC sets auditing and ethical standards and monitors and enforces audit quality.

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  Code, Audit, Actuarial, Stewardship, Stewardship codes

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