Stewardship limitations call for a more strategic approach

New insights were shared at a global training programme at Oxford University attended by Aotearoa New Zealand Stewardship code director Rowland Jackson.

Jackson was part of a panel on the evolving regulatory landscape for stewardship along with former director of corporate governance and stewardship of the Financial Reporting Council, David Styles; Harvard Law School deputy dean of finance and strategic initiatives, professor John Coates and National University of Singapore Risk Management Institute, adjunct professor Lutfey Siddiqi.

“Stewardship is about how investors best influence and support the companies they own through critical risks and opportunities to maximise that value”, he says.

Historically in New Zealand companies weren’t as actively involved in supporting the success of companies as they should have been although through stewardship we’re seeing a change here and globally.