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Comment Letter

ICGN: Global Stewardship Code

Friday, January 15, 2016

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The CAQ supports and shares the ICGN’s goal to promote effective standards of corporate governance worldwide and views investor stewardship as a potentially effective mechanism for reinforcing good governance and transparency through enhanced engagement between those acting on behalf of shareholders and the companies in which they invest. Institutional investors, as the dominant owners of listed companies in many developed markets, are positioned to hold members of management and the board accountable for faithfully discharging their fiduciary responsibilities to shareowners and investors.