Glass Lewis is pleased to announce that it has successfully renewed its status as a signatory to the UK Stewardship Code.
The UK Stewardship Code 2020 “sets high stewardship standards for asset owners and asset managers, and for service providers that support them.” The Code recognizes that “[s]ervice providers play a key role in the investment community as they provide services that support clients to fulfil their stewardship responsibilities.”
In light of that key role, the Code requires service providers to annually report against six Principles for effective stewardship on an apply and explain basis. The six Principles cover service providers’ purpose, governance, and management of conflicts of interest, as well as how they promote well-functioning financial markets, support their clients’ stewardship, and how they review and assure their internal policies and processes. Stewardship Code reports are then assessed by the UK Financial Reporting Council and service providers that meet the reporting expectations are accepted as signatories.
Glass Lewis’ 2023 Stewardship Report discusses in detail how our policies and programs meet each of the Stewardship Code’s Principles. Glass Lewis is proud of its long-standing work to help our clients fulfill their stewardship responsibilities and to have that work reflected in our status as a Stewardship Code signatory.
As we said in our 2023 Report, “Glass Lewis endeavors to constantly innovate in order to provide the best possible support of our clients’ stewardship activities.” In particular, our most recent report discusses Glass Lewis’ introduction of a new comprehensive suite of Stewardship Solutions for institutional investors, accommodating a range of engagement needs based on our two decades of governance expertise and analysis. Leveraging our solutions, investors can manage and track goals and outcomes across their engagements in our Engagement Management platform, choose to sign on to engagements that Glass Lewis’ Stewardship team performs across specific themes, or implement a custom engagement campaign carried out by our expert team.
Read our full 2023 UK Stewardship Report on the FRC website or under the Compliance tab on the Glass Lewis website.