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WHEB issues White Paper outlining urgency for industry consensus on stewardship and engagement definitions

Published on: 01 November 2024
Published by LNB News

LNB News 01/11/2024

Document Information

Issue Date: 01 November 2024

Published Date: 01 November 2024

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The WHEB Asset Management (WHEB) has published its White Paper which emphasises the need for industry-wide agreement on stewardship and engagement definitions and practices. WHEB highlights that in September, the Financial Conduct Authority acknowledged that this area presents 'challenging' complexities. Additionally, the Financial Reporting Council began a 'significant update' to its Stewardship Code, with the aim to ease reporting requirements and enhance stewardship outcomes. The WHEB White Paper aims to promote industry dialogue about the inefficiencies within the 'stewardship ecosystem' which includes asset owners, asset managers, creditors, companies, regulators, investment consultants, advisors and service providers.

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