Stewardship Code Response

IVIS Response to Proxy Advisors Regulations 2019

On the 10th June 2019, the Proxy Advisors (Shareholders’ Rights) Regulations 2019 (the “Shareholders’ Regulations”) came into force in the UK, to implement the proxy advisor provisions of the revised EU Shareholder Rights Directive (SRD II). The aim of SRD II is to improve the stewardship of EEA based companies. Under the Shareholders’ Regulation, Investment Association Services Limited (using the trading name Institutional Voting Information Services (IVIS)) must set out how it applies a Code of Conduct. IVIS applies the Financial Reporting Council (“FRC”) Stewardship Code (published in 2019) and will annually publish its response to its application of the Stewardship Code in its, ‘Stewardship Report’. IVIS applies the Principles for Service Providers. 

IVIS’ application to become a signatory to the Stewardship Code is still under consideration by the FRC and IVIS is not a signatory to the UK Stewardship Code 2020 until our application has been accepted by the FRC and the first list of signatories is published by the FRC.

Investment Association Services Limited (trading as Institutional Voting Information Service (IVIS)) Stewardship Report 2020

Further information on conflicts of interest

May 2021