Independent reporting on fiduciary duty, climate, stewardship and systemic risk for the institutions that allocate the world's long-term capital.
Universal proxy consolidates shareholder proposals onto a single ballot, reshaping how institutional investors exercise voting rights and engage in stewardship. We examine the mechanics, adoption timeline, and governance implications for asset owners.
Say on Climate gives institutional investors a formal voice in corporate climate governance through non-binding shareholder votes. We explain how it works, adoption rates, and its role in fiduciary duty.
Duty of care requires institutional investors to act with competence and diligence when managing capital. We examine the legal framework, practical implementation, and how major asset owners structure governance to meet this obligation.
Active ownership has become central to how large institutional investors—pension funds, endowments, and sovereign wealth funds—exercise influence over portfolio companies. It extends beyond voting to include direct engagement on governance, risk, and strategic direction.
Proxy advisors research corporate governance issues and issue voting recommendations to asset owners managing trillions globally. Their influence over stewardship decisions has triggered regulatory scrutiny and asset owner backlash.
Pecuniary factors—monetary elements that influence investment decisions and fiduciary obligations—are central to institutional governance. Understanding their scope determines compliance with duty-of-care standards and allocation transparency.
A fiduciary standard legally binds advisers to prioritize client interests above profit. Understanding its scope and enforcement is critical for institutional investors evaluating adviser relationships and governance frameworks.
The Financial Conduct Authority's refreshed Stewardship Code 2026 tightens governance requirements for asset owners and managers. We outline the key changes, compliance timelines, and implications for pension funds and sovereign wealth funds.
Stewardship and ESG are complementary but distinct. Stewardship emphasizes direct engagement with companies; ESG frames investment selection across environmental, social, and governance dimensions. Understanding both is essential for modern portfolio governance.
Sovereign wealth funds deploy stewardship frameworks to monitor and influence portfolio company performance. Active ownership practices, collaborative engagement, and transparent reporting define institutional accountability.
Endowments deploy stewardship to safeguard perpetual portfolios through active ownership, governance engagement, and collaborative risk management. Learn how leading institutions structure stewardship programs.
Stewardship codes establish binding and voluntary standards for institutional asset owners to demonstrate responsible capital allocation. Requirements vary significantly by region, from the UK's mandatory framework to Japan's principles-based approach.
Research, charts, video and podcast analysis for the institutions investing at the scale of the world.
Five minutes, five days a week. Free. Built for institutional capital.
You’re on the list. Tomorrow’s brief will arrive in your inbox.
Please enter a valid email.