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UK Stewardship Code

Statement by Credit Suisse Asset Management Ltd (CSAML), an FCA regulated entity in the United Kingdom.

The UK Stewardship Code (‘the UK Code’) was adopted by the Financial Reporting Council (FRC) in July 2010 and subsequently revised in 2012 and in 2020 (‘the 2020 UK code’). The UK Code sets stewardship standards for asset owners and asset managers, and for service providers that support them.

Credit Suisse Asset Management (CSAM) is not a signatory of the 2020 UK code as it does not engage with nor vote as a shareholder in respect of UK listed companies given its investment teams do not invest in such companies.

CSAM adopts a long-term investment strategy, that is focused on its client’s interests with the aim of preserving and protecting the value of investments, and it adheres to the EFAMA Stewardship Code. 

More information on the Credit Suisse Engagement Policy, which sets out the principles for Credit Suisse’s monitoring of, voting in and engagement with investee companies can be found here.

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Principle 1

Institutional Investors should publicly disclose their policy on how they will discharge their stewardship responsibilities.

Principle 2

Institutional investors should have a robust policy on managing conflicts of interest in relation to stewardship which should be publicly disclosed.

Principle 3

Institutional investors should monitor their investee companies.

Principle 4

Institutional investors should establish clear guidelines on when and how they will escalate their stewardship activities.

Principle 5

Institutional investors should be willing to act collectively with other investors where appropriate.

Principle 6

Institutional investors should have a clear policy on voting and disclosure of voting activity.

Principle 7 Institutional investors should report periodically on their stewardship and voting activities.