The Investor Stewardship Group, a collective of some of the largest U.S.-based institutional investors and global asset managers, along with several of their international counterparts, today announced the launch of the Framework for U.S. Stewardship and Governance. This initiative establishes a framework of basic standards of investment stewardship and corporate governance for U.S. institutional investor and boardroom conduct.
You can view the principles and more about the effort at www.isgframework.org.
Noted Glenn Booraem, Principal, Corporate Governance (https://about.vanguard.com/vanguard-proxy-voting/) and Fund Treasurer at Vanguard, “We believe that the principles detailed in the Framework will further the productive dialogue and, most importantly, continue to drive positive change among institutional investors and the companies in which they invest. By articulating this set of shared behavioral expectations, we seek to promote our common objective to create sustainable, long-term value for all shareholders.”