The National Association of Pension Funds (NAPF) has launched two new initiatives to support the ownership role of pension funds, and to continue to support raising corporate governance standards in the UK.

Guidance from the NAPF, Pension Funds and the ISC Code - A practical guide, looks at the Code's Principles and how they can be applied in practice. The Code covers shareholder engagement and reporting, and encourages pension funds to incorporate effective engagement monitoring into their fund manager reviews, which the NAPF said helps to build a stronger corporate governance culture.

The second initiative is the dedicated corporate governance service, Corporate Governance PensionsConnection, to give funds and investment managers access to expert thinking on a broad range of corporate governance issues.

"These two practical initiatives aim to promote a stronger corporate governance culture and thus help to protect and enhance the value of the investments that funds oversee on behalf of their members," commented David Paterson, NAPF head of corporate governance. "The NAPF has been at the forefront of raising standards in corporate governance for many years and we actively encourage funds to monitor the companies in which they invest. The new guidance and Corporate Governance PensionsConnection will support funds in their role as responsible owners."

The Guide and service form part of the NAPF's role in promoting good corporate governance, and in supporting the ownership responsibilities of pension funds.
Pension Funds and the ISC Code - A Practical Guide is available here []http://www.napf.co.uk/Policy/Governance.cfm

Pension funds and investment managers can register for the Corporate Governance PensionsConnection here [http://www.napf.co.uk/PensionsConnection]

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