UK Stewardship Code

Question 1

Define “Stewardship” with regards to the UK Stewardship Code

Answer 1

1. Responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries.
2. Create sustainable benefits for the economy, environment and society
3. Has 12 principles aimed at asset managers and asset owners.
4. Has 6 principles aimed at service providers.