Industry to be held more accountable under new Stewardship Code
FRC has published revised code
Business Secretary Andrea Leadsom has urged managers to sign up to the code
The Financial Reporting Council (FRC) has overhauled its Stewardship Code setting what it calls a “world-leading benchmark” as it demands greater accountability of the UK financial sector.
Starting with redefining "stewardship", which the FRC now states is: "the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries, which leads...
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