Sponsored by: FINANCIAL REPORTING COUNCIL – FOCUS ON PENSIONS SPEAKER JENNIFER SISSON SENIOR INVESTOR ENGAGEMENT MANAGER FINANCIAL REPORTING COUNCIL @jenlsisson CHAIR LUKE HILDYARD POLICY LEAD: STEWARDSHIP AND CORPORATE GOVERNANCE PLSA @ThePLSA
Sponsored by: THE UK STEWARDSHIP CODE JEN SISSON SENIOR INVESTOR ENGAGEMENT MANAGER FINANCIAL REPORTING COUNCIL @jenlsisson
WHO WE ARE, WHAT WE DO The FRC’s mission is to promote transparency and integrity in business The FRC sets the UK Corporate Governance and Stewardship Codes 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 @jenlsisson
THE UK STEWARDSHIP CODE First published in 2010 and was updated in 2012 Circa 300 signatories Currently in the process of a review Asset owner participation is critical to success! @jenlsisson
KEY AREAS OF FOCUS OF THE REVIEW Differentiated responsibilities for different roles in the investment chain Best practice vs principles Focusing more on outcomes Asset classes Note: link to SRD implementation @jenlsisson
OUR QUESTIONS FOR YOU How can we make the reporting by asset managers more useful to you? How can we encourage more asset owners to sign up? What kind of support do you need from us? @jenlsisson
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