The guidelines are used to assist in the evaluation of corporate governance at companies in which Standard Life Investments invests, or might invest clients’ assets.
“Corporate values and business practices are new ingredients,” Standard Life Investments global head of governance and stewardship Guy Jubb said.
“We shall not only be looking to boards to demonstrate how they have ensured that their values and standards of business practice are implemented but also progressively hold them to account for doing so,” Mr Jubb said.
Within the new guidelines, specific reference is made to Standard Life Investments’ support for arrangements that would require directors and senior executives to retain an appropriate proportion of the shares they own after they leave a company.
The new Principles and Policy Guidelines are effective from January 2014, after which regional voting guidelines will be developed to assist the investment team in putting the measures into practice.
