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Stewardship survey

IMA’s third report on adherence to the FRC’s Stewardship Code looks at the activities that support institutional investors’ commitment to the Code in the period to 30 September 2012.

Current Report

The report summarises the responses of 73 Asset Managers, 23 Asset Owners and seven Service Providers to a questionnaire that had been developed under the direction and oversight of a Steering Group chaired by the FRC’s Chief Executive. The report demonstrates:

  • that more respondents monitor all their investee companies;
  • an increase in resource and the continued integration of stewardship into the wider investment process;
  • the prioritisation of engagement on key issues;
  • an increase in voting levels; and
  • that respondents decide how to vote their shares independently of proxy agencies.
stewardship code survey image The report also focuses on five case studies providing evidence of engagement and its impact on corporate behaviour. The case studies cover Barclays, WPP, G4S, Xstrata and SABMiller.

Past reports

The first report was launched at an event on 24 May 2011 with the second report published in June 2012.

Presentations from the 2011 event- Stewardship in Action:

Speeches from the Event:

Past surveys

In the past IMA surveyed its members adherence to the Institutional Shareholders’ Committee’s Statement of Principles on engagement and certain other related matters raised by interested parties.

2008 - 2007 report

2006 report

2005 report

2004 report

2003 - 2002 report

Investment management association