Stewardship codes were first introduced in which country and year?

Stewardship codes were first introduced in which country and year?

• A. United States, 2005
• B. United Kingdom, 2010
• C. Canada, 2012
• D. Australia, 2008

Answer: (C)

Stewardship codes set expectations for institutional investors to actively oversee the companies they invest in—engaging with management on governance and sustainability, using voting rights, and reporting on stewardship activities to promote long-term value and accountability. Among the options given, the first formal stewardship code introduced is in Canada in 2012, making it the earliest in this set. This code helped establish a framework for how asset owners and managers should monitor and engage with companies on governance and ESG matters. The other choices either refer to different jurisdictions or later dates within the provided list, so Canada 2012 is the best choice here.

Stewardship codes set expectations for institutional investors to actively oversee the companies they invest in—engaging with management on governance and sustainability, using voting rights, and reporting on stewardship activities to promote long-term value and accountability. Among the options given, the first formal stewardship code introduced is in Canada in 2012, making it the earliest in this set. This code helped establish a framework for how asset owners and managers should monitor and engage with companies on governance and ESG matters. The other choices either refer to different jurisdictions or later dates within the provided list, so Canada 2012 is the best choice here.