The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Tue, 02 Jun 2026 13:15:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Why Stewardship is Proving Elusive for Institutional Investors – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Why Stewardship is Proving Elusive for Institutional Investors https://corpgov.law.harvard.edu/2010/07/31/why-stewardship-is-proving-elusive-for-institutional-investors/?utm_source=rss&utm_medium=rss&utm_campaign=why-stewardship-is-proving-elusive-for-institutional-investors https://corpgov.law.harvard.edu/2010/07/31/why-stewardship-is-proving-elusive-for-institutional-investors/#comments Sat, 31 Jul 2010 13:56:29 +0000 http://blogs.law.harvard.edu/corpgov/?p=11163?d=20150120100927EST Posted by Simon Wong, Northwestern University School of Law, on Saturday, July 31, 2010
Editor's Note:

Simon Wong is Managing Director at Governance for Owners and Adjunct Professor of Law at Northwestern University School of Law. This post is based on an article that recently appeared in the Butterworths Journal of International Banking and Financial Law, which is available here.

As the dominant owners of listed companies in many developed markets, institutional investors have been under increasing pressure to act as responsible shareholders. In the UK, where institutions own more than 70% of the stock market, a Stewardship Code has been developed to encourage pension funds, insurance companies, and their asset managers to monitor and engage investee companies actively with the view to protect and enhance shareholder value (see Figure 1). Similar efforts are underway in Canada, France, the Netherlands, and other markets.

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