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Slightly obscured by the spin over the Government’s plans on executive pay, a new investor group is launched today that aims to improve the quality of company stewardship in the UK. Coordinated by lobby group Tomorrow’s Company, this “Stewardship Working Party” comprises some of the leading UK institutional investors, including Aviva Investors, Blackrock and the USS.
The working party will focus on improving engagement between companies and investors, with particular reference to the Financial Reporting Council’s Stewardship Code. From the press release launching the working party: