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 and, in 2019, was delighted to be recognised as a Tier 1 Signatory. Upon the introduction of the new UK Stewardship Code in 2020, Firms were required to submit reports to the UK Financial Reporting Council (“FRC”) before approval as a signatory under the new regime. The Firm submitted its report for 2020 and, whilst disappointed that the FRC did not consider that it included all the required details, is committed to ensuring that its report for 2021 is accepted.