The UK Stewardship Code is aimed at improving governance by encouraging engagement between investors and issuers, including through the use of proxy voting. The Firm committed to the UK Stewardship Code from its inception in 2012. Under the 2020 Stewardship Code, the UK Financial Reporting Council (‘‘FRC’’) requires that firms aiming to be signatories must produce an annual Stewardship Report with only those meeting the required reporting standards being admitted as signatories. The Firm is delighted that it has been admitted as a signatory for the latest reporting year.