Corporate Law News

Investors With $20 Trillion Back Stewardship Code

June 6, 2017, 8:40 PM

More asset managers and owners are rallying around a first-of-its-kind code for investment stewardship and corporate governance in the U.S.

Signatories to the set of voluntary principles, who now represent more than $20 trillion in combined assets under management, include BlackRock, State Street Global Advisors, and Vanguard. Membership has doubled since its launch in late January as J.P. Morgan Asset Management, HSBC Global Asset Management, and 20 other firms have joined the initiative.

Its framework lays out fundamental stewardship responsibilities for institutional investors on topics like proxy voting and engagement. The code also covers basic principles of good corporate governance...

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