Publication Response to FRC Stewardship Code

This is our response to the Stewardship Code. Our response ties in with our work on Truth, Trust and Transparency; we are primarily concerned with ensuring transparency is used for good, and not solely seen as a reporting exercise.

Excerpt:

“It is understandable that the new Code includes more rigorous reporting requirements – the principle of transparency leading to better practice underpins a great deal of policy around business. We would suggest that the monitoring going forward needs to ensure that the increase in reporting requirements is not a burden and that companies are sufficiently resourced to do it well, and to ensure that the reporting is of sufficient quality and clarity that it demonstrates changing practices, and avoids boilerplating.”

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