Corporate governance

The NAPF has been at the forefront of promoting good corporate governance for over 20 years, and as representatives of major institutional investors we have a real interest in seeing high standards achieved and maintained.

  • We regularly engage with the companies in which pension funds invest on issues including board structures and executive remuneration.  
  • We help members by organising Case Committees through which specific company problems can be addressed directly with Boards on a confidential basis.
  • Our Corporate Governance and Voting Policy provides guidance to investors and companies on corporate governance matters.
  • NAPF Corporate Governance PensionsConnection offers access and key information on corporate governance and is a forum for members to exchange information and ideas.
  • We have produced guidance on the Stewardship Code, including Stewardship Made Simple and a Stewardship Code Implementation Checklist to help pension funds discharge their stewardship responsibilities.

In the wake of the financial crisis, pension funds, other investors, government and the EU have been reviewing the effectiveness of corporate governance. This has led to a number of changes to the application of corporate governance policies. The NAPF has been heavily involved in shaping the debate to protect the interests of NAPF members.

For further information and to find out more about the NAPF’s corporate governance work, please contact Will.Pomroy@napf.co.uk

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  • Stewardship

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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