Synopses & Reviews
Synopsis
Showcases how the implementation of codes affects the practice of the marketplace with an assessment of the 2021 revisions to the CodeExplores the reason for the new Code: the practical, political and regulatory impetus for itSuggests what the priorities are for the implementation of the CodeDiscusses how the regulation in this area may continue to develop
Synopsis
Introduction.- Chapter 1 The Stewardship Code 2010 as a Response to the Financial Crisis.- Chapter 2 A Decade of Development.- Chapter 3 The Stewardship Code 2020.- Chapter 4 The Future of Stewardship Regulation.- Conclusion.
Synopsis
This book provides a critical assessment of the development of the Stewardship Code 2020, which sets out principles regarding the role of institutional investors in corporate governance. It discusses how the regulatory framework for stewardship evolved before and after the financial crisis, and how that evolution resulted in the 2020 Code. It then critiques the Code from a practical and academic perspective, as well as evaluating the wider regulatory framework; in particular, the position of the FRC (ARGA). The book concludes by offering insight into different pathways that the evolution of stewardship may continue to take. Stewardship Codes modelled on the U.K.'s original 2010 version have been introduced in numerous markets and as such the book will be relevant for an international audience of academics, regulators and policymakers in financial regulation, investment regulation and financial services.