UK Stewardship Code

We have been made aware that there are external parties falsely claiming to carry out financial services on behalf of Goldman Sachs (including Goldman Sachs Asset Management International and Goldman Sachs International) in order to market fake investment products and to solicit monetary payments. These external parties may pose as Goldman Sachs through the use of fraudulent communications via email, instant messaging or phone, as well as through the use of fake brochures and other documents containing Goldman Sachs branding and logos.
The Financial Conduct Authority of UK has issued warnings about these fraudulent activities which can be found here and here.
It is important to know that any communication you receive from Goldman Sachs would only come from an @gs.com e-mail address and/or be found on the goldmansachs.com website. Further information regarding how you can protect yourself from fraudulent activity online and how you can contact us about this can be found on the Goldman Sachs Security page, available here.

The UK Stewardship Code follows on from the Walker Report on Corporate Governance in the UK and aims to enhance the quality of engagement between institutional investors (and their investment managers) and UK listed companies with the aim of enhancing shareholder value.

Essentially, the corporate governance regime in the UK is split into two complementary constituent parts:

The UK Corporate Governance Code that encourages companies to seek ongoing dialogue with investors
The UK Stewardship Code which aims to encourage action in the opposite direction, by incentivising investors and their investment managers to engage in an ongoing dialogue with the companies in which they invest.

The UK Stewardship Code is a “comply or explain” code. Learn more about the code, the approach of Goldman Sachs Asset Management and our relevant disclosures and explanations.