The NAPF’s first ever Stewardship Policy sets out best practice for pension fund trustees and simply explains how funds should fulfil their stewardship responsibility. The NAPF believes that “signing up” to the Code demonstrates that a pension fund believes companies should adhere to the highest standards of governance and that their managers should integrate the Code’s Principles into their investment processes. A greater weight of pension fund signatories to the Code will further influence behavioural changes that lead to better stewardship by asset managers and companies.

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