BankInvest and the UK Stewardship
Code
The Financial Reporting Council (FRC) has published the UK
Stewardship Code with seven principles, setting out good practice
for institutional investors engaging with the UK listed companies
in which they invest. BankInvest is complying with the Code by
following the 'comply or explain' approach for each principle as
set out below.
Principle 1:
Institutional investors should publicly
disclose their policy on how they will discharge their stewardship
responsibilities.
The BankInvest Responsible
Investment Policy gives the guidelines for BankInvest investment
activities. The policy is available to clients upon
request.
Principle
2:
Institutional investors should have a
robust policy on managing conflicts of interest in relation to
stewardship and this policy should be publicly
disclosed.
The BankInvest Voting Policy clearly states
how to avoid potential conflict of interests. The policy is
available to clients upon request.
Principle
3:
Institutional investors should monitor
their investee companies.
Company visits with management and board
members are often an integral part of the investment process at
BankInvest prior to investments but also during the investee
period.
Principle
4:
Institutional investors should establish
clear guidelines on when and how they will escalate their
activities as a method of protecting and enhancing shareholder
value.
Within the Responsible Investment Policy and
Voting Policy there are clear guidelines on how and when to
escalate activities in order to protect and enhance shareholder
value.
Principle
5:
Institutional investors should be willing
to act collectively with other investors where
appropriate.
BankInvest acts together with other investors
where collaboration is an advantage.
Principle
6:
Institutional investors should have a
clear policy on voting and disclosure of voting
activity.
BankInvest has a voting policy that is
available to clients upon request. The voting activities are not
publicly disclosed but are available to clients.
Principle
7:
Institutional investors should report
periodically on their stewardship and voting
activities.
BankInvest is not reporting publicly on
voting activities and other activities related to the companies we
invest in. However, the information is available to clients upon
request.