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Searching for: researcher is "institutional shareholders' committee (isc)"

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The Responsibilities of Institutional Shareholders and Agents - Statement of Principles
Statement of Principles on Best Practice
Institutional Shareholders' Committee (ISC)
Oct 2002 United Kingdom Corporate Governance
This Statement of Principles has been drawn up by the ISC, whose associations represent virtually all UK institutional investors. It develops the principles set down in its 1991 statement and expands on the Combined Code on Corporate Governance of June 1998. It sets out best practice for institutional shareholders and/or agents in relation to their responsibilities in respect of investee companies. They aim to secure value for ultimate beneficiaries through consistent monitoring of the performance of those companies. This is to be backed up by direct engagement where appropriate. The principles make it clear that if companies persistently fail to respond to concerns, institutional shareholders and investment managers, ISC members will vote against the Board at general meetings. The associations making up the Institutional Shareholders' Committee will encourage all their members to adopt and comply with these principles. All will be taking steps over the coming months to ensure that they are taken up as widely as practicable, and that appropriate references are included in agreements between investment managers and their clients

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Oct 2002 or click here (this link will not work in all circumstances). For further information about Perspective click here.

B206576A   Click here to contact the authors.

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