The principle of the trustee responsibility of institutional investors (hereinafter referred to as stewardship code) has been enacted to fulfill their responsibilities.
Institutional investors such as pension funds, asset management companies, and insurance companies, proxy advisory agencies, and investment advisors should make efforts to participate in the stewardship code.
Stewardship Code
Stewardship Code
Stewardship Code
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1.
Establish and disclose a fiduciary responsibility policy
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2.
Establish and disclose a conflict of interest policy
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3.
Periodically monitor investee companies to preserve and enhance the value of investment
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4.
Establish internal guidelines on stewardship activities
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5.
Establish and disclose a voting policy and voting records
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6.
Periodically report voting and stewardship cactivities
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7.
Build up capabilities and expertise
Stewardship Code Revision Support
Daishin Governance Research Institute has detailed overseas case analysis capabilities, proprietary Checklist, expertise and experience in establishing stewardship code for other asset managers.
Dual support
Establishment of stewardship code principles & multiphase monitoring and engagement activities
Phase 3
- Engagement with management
Phase 2
- Additional meetings with the Board or management
- Communicate & request additional information
- Forward consultation paper
Phase 1
- Meeting key business representatives
- Constructive dialogue with the board or management
- Delivery of information, data requests & questions and comments, consultation paper
- Create meeting minutes of Stage 1 engagement activities
Inspection
Phase
- IR meetings
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Monitoring financial elements
- Financial data, return of shareholders using dividend models, and Focus List -
Monitoring Non-Financial Elements
- ESG, Person DB, media/disclosure flow, business strategy
Establishment
Phase
- Stewardship Code Establishment
- Advisory on establishing relevant guidelines
