What investment activity, when done well, means better returns for investors, better run companies, better controlled societal and environmental footprints – all while being cost-effective? It’s stewardship, where asset managers or asset owners engage and vote to positively influence assets they invest in. Stewardship is expected by regulators to offset potential conflicts where there is separation of ownership and control. There are several examples of what can happen when there is too little oversight, among them accounting scandals, excessive executive remuneration, value destructive acquisitions, environmental damage and loss of customer trust. Unfortunately, stewardship activities account for only a fraction of...