Shareholder Voting Research Group Announces New Member
EOS at Federated Hermes
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The Best Practice Principles Group for shareholder voting research (“BPPG”) today announced a new member, EOS at Federated Hermes, a leading stewardship service provider.
The BPPG was formed in February 2013 to promote greater understanding of shareholder voting research and stewardship services provided to professional investors and other capital markets participants. The Principles were updated in 2019, within the framework of a structured Independent Review Process, to directly align with the requirements of the EU Shareholder Rights Directive II (“SRD II”) and to introduce an independent BPP Oversight Committee to monitor signatories’ reporting according to the Principles, and to ratify new signatory members.
The founding signatory members of the BPPG said: “We are delighted to welcome EOS at Federated Hermes as a new signatory Committee member, which is a significant development in the evolution of the BPPG. The BPPG and the Principles are global in outlook and membership. Any service provider which supports investors in their stewardship or governance responsibilities is welcome to apply to become a signatory and report on their application of Principles, irrespective of domicile, coverage or business model.”
The independent BPP Oversight Committee Chair, Dr. Stephen Davis said: “The BPP Oversight Committee is delighted to ratify EOS at Federated Hermes as a new BPPG signatory member. The Oversight Committee looks forward to evaluating all BPP signatories’ reporting according to the Principles, accounting for the unique offerings each provides to the institutional investor community to support better-functioning capital markets. We are confident this oversight framework ensures transparency and accountability to investors and other industry stakeholders globally.”
Dr. Hans-Christoph Hirt, Head of EOS said: “We are pleased to join the BPPG as a signatory member. We are committed to applying and explaining our implementation of BPP Principles as they relate to our specific circumstances and business model, in support of the BPPG mission and purpose.”
Additional information on the role of the Best Practice Principles Group and its Oversight Committee can be found here, with the 2019 Best Practice Principles here, the Report of the Independent Review Chair of the 2019 Best Practice Principles for Providers of Shareholder Voting Research & Analysis available here.
For more information please contact: committee@bppgrp.info |Web: https://bppgrp.info
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-ENDS-
Note to Editors:
About the BPPG
The BPPG was formed in February 2013 to promote greater understanding of shareholder voting research and stewardship services provided to professional investors and other capital markets participants. The Principles were updated in 2019, within the framework of a structured Independent Review Process, to directly align with the requirements of the EU Shareholder Rights Directive II (“SRD II”) and to introduce an independent BPP Oversight Committee to monitor signatories’ reporting according to the Principles, and to ratify new signatory members. Any service provider which supports investors in their stewardship or governance responsibilities is welcome to apply to become a signatory and report on their application of the Principles, irrespective of domicile, coverage or business model.
About Federated Hermes
Federated Hermes, Inc. is a leading global investment manager with $628.8 billion in assets under management as of June 30, 2020. Guided by our conviction that responsible investing is the best way to create wealth over the long term, our investment solutions span 162 equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies and a range of separately managed account strategies. Providing world-class active investment management and engagement services to more than 11,000 institutions and intermediaries, our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes’ more than 1,900 employees include those in London, New York, Boston and several other offices worldwide. For more information, visit FederatedHermes.com.