No. 65 - Stewardship Policies. A Survey of the Main Issues

by Marco Fanari, Enrico Bernardini, Elisabetta Cecchet, Francesco Columba, Johnny Di Giampaolo, Gabriele Fraboni, Donatella La Licata, Simone Letta, Gianluca Mango and Roberta Occhilupo
October 2025
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Stewardship, which encompasses shareholder voting activities and engagement with company management, can strengthen the role of investors in steering companies towards long-term value creation. As investors increasingly integrate ESG considerations into their investment strategies, stewardship is becoming more central to encouraging companies to meet sustainability standards.

This paper focuses on the stewardship practices of a sample of asset managers and, to a lesser extent, central banks. The survey suggests that a 'one size fits all' approach to stewardship is inadequate for meeting the goals of different investors, due to their potentially differing assessments of the trade-offs involved.

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  1. 06 October 2025
    No. 65 - Stewardship Policies. A Survey of the Main Issues
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