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The Financial Reporting Council (FRC) published the first UK Stewardship Code for institutional investors on 2 July 2010. The Code is designed to promote better dialogue between shareholders and company boards and encourage greater transparency about the way in which investors oversee the companies they own. The Code operates on a "comply or explain" basis and is based on the 2009 Code on the Responsibilities of Institutional Investors.
We endorse the Stewardship Code for its UK investments and supports the Principles as best practice elsewhere.
Our approach to the seven Principles:
FRC Stewardship Code Statement available
Please read our approach relating to conflicts of interest
Our detailed voting record
Further information
The Stewardship Code recommends that participating firms provide contact details for further information, or for those interested in collective engagement. To discuss Stewardship or other corporate governance issues further, please contact the team at the following address:

years with
J.P. Morgan