On 25 November 2011, the National Association of Pension Funds (NAPF) published a small number of amendments to its Corporate Governance Policy and Voting Guidelines (the Guidelines). The amendments to the Guidelines set out NAPF’s support for the Stewardship Code which establishes principles for the role of investors in monitoring and improving standards of corporate governance. Pension funds and asset managers are encouraged to publicly state their support for the Stewardship Code. The amendments to the Guidelines restate the importance of gender diversity at board level and urge companies to state more fully the skills and experience which a director brings to his/her role.
View the Guidelines (39 page pdf).