At its simplest, stewardship is the responsibility to take care of something in one’s keeping. In relation to investments, Stewardship involves the effort and activities undertaken by and on behalf of institutional shareholders to monitor, engage and intervene on matters that may affect the long term value of companies and the capital invested in them. This can include corporate strategy, performance, corporate governance, environmental and social issues that may materially affect the future sustainability of companies.
We ask all our fund managers to comply with the UK Stewardship Code. The following is the statement of compliance provided by our main fund manager, which is a subsidiary of Aberdeen Asset Management.