Legal Updates

Corporate Law: Corporate Governance - Insurance - ABI Guidelines regarding Responsible Investment Disclosure

The ABI published its Responsible Investment Disclosure Guidelines, on 1 February 2007.

The purpose of the guidelines is to guide institutional shareholders in setting out basic disclosure principles intended to guide the public when seeking to engage with companies in which they invest. The guidelines focus on the need to identify and manage risks to the long and short-term value of institutional shareholders from social, environmental and ethical without restricting the ability of companies to generate returns on their investments.  They are intended to act as a basic benchmark for companies seeking to develop best practice in this area.

The guidelines take the form of disclosures, which institutions would expect to see included in the annual report of listed companies. Specifically they refer to disclosures relating to board responsibilities and to policies, procedures and verification.

For more Information visit http://www.abi.org.uk/Display/File/85/SRI_Guidelines.doc

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© RT COOPERS, 2007. This Briefing Note does not provide a comprehensive or complete statement of the law relating to the issues discussed nor does it constitute legal advice. It is intended only to highlight general issues. Specialist legal advice should always be sought in relation to particular circumstances.