In the UK, the Financial Reporting Council (FRC) have published a Stewardship Code (the Code), which is a set of principles and guidance for effective stewardship by investors. Under the UK Financial Conduct Authority’s conduct of business rules, we are required to publicly disclose our commitment to the Code, or if we don’t commit to Code disclose an alternative strategy. Commitment to the Code is on a "comply or explain basis."
Pyrford is fully committed to the Stewardship Code and complies with all its principles. The principles are designed to protect and enhance long-term shareholder value, which Pyrford fully supports. In August 2017, Pyrford were awarded Tier 1 status by the FRC.
Our full Stewardship Code statement can be found at the following link: