In a press release by the CNMV it was announced that five additional firms have joined the Code of good practice for institutional investors, asset managers, and proxy advisors (eventid=19876). The total number of adhering firms now stands at six, with Corporance being the first to join as a Spanish proxy advisor. The new firms are Caser Pensiones, Gestión de Previsión y Pensiones, Fonditel Pensiones, Santander Pensiones, and Santander Asset Management.
The Code aims to increase shareholder engagement and includes principles on strategy, governance, monitoring, voting rights, transparency, conflicts of interest, and remuneration.
The firms will have a three-year transitional period to comply with the Code, with Principle 6 on conflict of interest management being mandatory from the start. They will publish their progress and plans on the CNMV’s website for transparency.
Five new firms adhere to the Code of good practice for institutional investors, asset managers and voting advisors
ID
23901
Other Features
auditing
banks
best practice
code of conduct
companies
compliance
conflict of interest
fund management
governance
insurance
investment firms
investors
issuer
pension funds
remuneration
resilience
risk
securities
shareholders
sustainability
transparency
Date Published: 2023-06-27
Regulatory Framework: not applicable
Regulatory Type: information
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