We are advocates for transparent markets, accountable corporations and responsible investments

PIRC is the UK's leading independent research and advisory consultancy providing services to institutional investors on corporate governance and corporate social responsibility.

Since 1986, it has been the pioneer and champion of good corporate governance within the UK. PIRC has a wide spectrum of clients ranging from pension funds, faith-based investors, trade unions to banks and asset managers. Its GovernancePlus service is an authoritative and vital resource for active investors, whilst its widely-read Shareowner Voting Guidelines provide a market-wide benchmark for investors and form part of the movement for corporate governance reform and long-term wealth creation strategies for responsible investors. For more information about PIRC or to arrange a meeting, contact Janice Hayward, or call us on 0207 247 2323.

Stewardship

PIRC and the Stewardship Code

Set up by a group of pension funds in 1986, PIRC has now provided institutional shareholders with advice on how to exercise their ownership responsibilities for almost 25 years. As an organisation, we are long-standing advocates of the idea that institutional shareowners have responsibilities as well as rights in respect of the companies they own.

Whilst PIRC is not a shareholder in its own right it works with institutional investors from the UK and elsewhere to encourage investee companies to adhere to high standards of governance and social responsibility. We therefore fully support the Stewardship Code as an initiative to ensure an effective relationship between companies and their owners.

In practical terms, PIRC provides both voting and engagement services to institutional shareowners. We therefore consider that we are subject to the Stewardship Code in its entirety.

For information on PIRC's stewardship services please email janiceh@pirc.co.uk

To view PIRC's statement on the Stewardship Code click here.

 

 

"Voice, rather than exit..."

“To resort to voice, rather than exit, is for the customer or member to make an attempt at changing the practices, policies, and outputs of the firm from which one buys or the organisation to which one belongs. Voice is any attempt at all to change, rather than to escape from, an objectionable state of affairs.”

Albert Hirschman
Exit, Voice and Loyalty