A review by the UK Financial Reporting Council (FRC) shows that reports submitted under the 2026 UK Stewardship Code are on average 20% shorter.
The FRC review, according to a news release, sets out the learnings from the first reports submitted under the updated code and provides examples of effective reporting that can support signatories preparing to report in 2027.
About 70% of reports were shorter than the previous year, according to the release. About a quarter of signatories reporting in the spring took up the newly introduced option to separate their Policy and Context Disclosure from their Activities and Outcomes Report, the release said.
“The strongest reports are streamlined, proportionate, and specific and show clearly the importance of stewardship and why it matters,” Mark Babington, the FRC’s executive director of regulatory standards, said in the release. “For the first time this year we have sought to engage a greater number of signatories on their reporting, and we will continue to talk to signatories as the code is embedded going forward.”
A revised stewardship code was published in June 2025.
— To comment on this article or to suggest an idea for another article, contact Neil Amato at Neil.Amato@aicpa-cima.com.