Stewardship

Diversity of Shareholder Stewardship in Asia: Faux Convergence

Since the UK adopted the world’s first stewardship code in 2010, stewardship codes have proliferated across Asia. Given the UK Code’s prominence,...

Stewardship and Shareholder Engagement in Germany

Corporate stewardship holds great promise for the improvement of shareholder engagement and the encouragement of more responsible and long-term...

The Market for Stewardship and the Role of the Government

In this contribution, we focus on the market for stewardship, as this has been developing in the UK. We observe that the 2020 UK Stewardship Code more...

Rethinking Acting in Concert: Activist ESG Stewardship is Shareholder Democracy

In May 2021, Engine No. 1, an investment fund, was lauded by the responsible investment community for successfully placing three dissident independent...

The Price of Ethics: Evidence from Socially Responsible Mutual Funds

Co-Investments of Sovereign Wealth Funds in Private Equity

Direct investments are the preferred vehicle for large institutional investors to have control over their portfolio investments. We study the deal...

The Global Diffusion of Stewardship Codes

In today’s world, the transfer of laws and regulations between different legal systems is commonplace. The global spread of stewardship codes in...

Can a Global Legal Misfit be Fixed? Shareholder Stewardship in a Controlling Shareholder and ESG World

As demonstrated by one of the authors elsewhere, UK-style shareholder stewardship is a ‘global legal misfit’ because it was designed...