National Association of Pension Funds’ Head of Corporate Governance, David Paterson, said the aim of the new code is to encourage pension funds to incorporate effective engagement monitoring into their fund manager reviews. This should help to build a stronger corporate governance culture.
Two new initiatives designed to support the ownership role of pension funds and continue to support raising corporate governance standards in the UK will be launched today by the National Association of Pension Funds (NAPF).
New guidance, “Pension Funds and the ISC Code – A practical guide” sets out how the Code’s Principles, covering shareholder engagement and reporting, can be applied in practice.
It encourages pension funds to incorporate effective engagement monitoring into their fund manager reviews helping to build a stronger corporate governance culture.
The NAPF has also established a dedicated corporate governance service, Corporate Governance PensionsConnection, for funds and investment managers to give them access to expert thinking on a broad range of corporate governance issues.
Both form part of the NAPF’s role in promoting good corporate governance and supporting the ownership responsibilities of pension funds. They are being launched at the NAPF Corporate Governance Seminar.
David Paterson, National Association of Pension Funds’ Head of Corporate
Governance, said:
“These two practical initiatives aim to promote a stronger corporate governance culture and thus help to protect and enhance the value of the investments that funds oversee on behalf of their members.
“The NAPF has been at the forefront of raising standards in corporate governance for many years and we actively encourage funds to monitor the companies in which they invest. The new guidance and Corporate Governance Pensions Connection will support funds in their role as responsible owners.”
© National Association of Pension Funds
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