The Investment Management Association (IMA) has published its response to the Financial Reporting Council’s consultation on the Stewardship Code for Institutional Investors.

Liz Murrall, Director of Corporate Governance and Reporting commented:

"It is important that different approaches to investment are recognised and that the Code remains flexible. This is particularly important as regards measures for monitoring and verifying adherence.

With suitable development, and the introduction of independent oversight, we believe the IMA’s survey would provide an effective mechanism for monitoring the application of the Stewardship Code. We are in discussion with the FRC about how to take this forward with them."

View IMA responds to Stewardship Code, 26 April 2010