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European Fund and Asset Management Association: Efama publishes code for external governance and report on responsible investment

( May 9, 2011, 14:08 GMT | Official Statement) -- MLex Summary: Fund managers should publish their policies for how they engage with companies in which they invest, and in how they exercise voting rights, the industry's European trade group said in a code of conduct, which comes as the European Commission is considering policy initiatives in this field. On 'responsible investment,' the association said there is no single definition of what qualifies, so managers should focus on making their criteria and processes transparent, so that investors can choose and hold funds to account.The full text of the statement follows:...

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