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Principles for service providers - Coggle Diagram
Principles for service providers
Principel 1: Signatories purpose, strategy and culture enable them to provide effective stewardship
Signatories should explain the purpose of the organisation, what services it offers and on outline of its cultures, values, business model and strategy
Signatories should explain what actions they have taken to ensure their strength and culture enable them to provide effective stewardship
Signatories should disclose an assessment of how effective they have been in serving the best interests of clients
Principle 2: Signatories governance, workforce, resources and incentives enable them to promote effective stewardship
Signatories should explain how their governance structures and processes have enabled oversight and accountability for promoting effective stewardship and the rationale for chosen approach, the faulty and accuracy of their services, they have appropriately resourced stewardship, ensured their fees are appropriate
Signatories should disclose how effective their chosen governance structures and processes have been in supporting their clients stewardship and how they may be improved
Principle 3: Signatories identify and manage conflicts of interest and put the best interests of clients first
Signatories should disclose their conflicts policy
Signatories should explain how they have identified and managed instances in which conflicts have arised and should disclose examples
Principle 4: Signatories identify and respond to market-wide and systemic risks to promote a well-functioning financial system
Signatories should explain how they have identified and responded to market wide and systemic risk, how they have worked with other stakeholders to promote continued improvement of the functioning of financial markets and the role they played any relevant industry natives they have participated in
Principle 5: Signatories support clients integration of stewardship and investment, taking into account material environemntal, social and governance issues and communicating what activities they have undertaken
Signatories should disclose client base breakdown
Signatories should explain how their services bets support clients stewardship and whether they have sough clients views and feedback
Signatories should explain how they have taken account of clients view and feedback in the provision of their services and effectiveness of chosen methods
Principle 6: Signatories review their policies and assure their processes
Signatories should explain how they have reviewed their policies and activities to ensure they support clients effective steardship, what internal or external assurance they have received and the rationale and how they have ensured their reporting is fair, balanced and udnerstandable
Signatories should explain the feedback of their review and assurance has led to continuous improvement in stewardship practices