SRD II seeks to promote shareholder engagement and is part of a series of EU- wide measures intended to improve stewardship and corporate governance.
The Directive aims to encourage effective stewardship, in part, by improving transparency about how stewardship is exercised across the institutional investment community. Underpinning it is an assumption that greater transparency will make effective stewardship a differentiating factor across firms, and that this will encourage higher standards.
Among other things, the Directive imposes requirements on asset owners and asset managers to develop and publicly disclose (on a comply or explain basis) an engagement policy. It also requires them to disclose annually how this policy has been implemented.
The links below will take you to the engagement policies of Global Private Banking businesses in the EU. Please note that the below policies are applicable to HSBC’s Global Private Banking business. For other lines of business within HSBC please refer to the disclosures on their respective websites.