Statement on the UK Stewardship Code

State Street Global Advisors is the asset management business of State Street Corporation, one of the world’s leading providers of financial services to institutional investors, with $2.5trn1 assets under management (as of 31 December 2018).

State Street Global Advisors is a strong supporter of the principles of good stewardship that are embodied in the UK Stewardship Code. We firmly believe that the building of strong relationships with the boards and management teams of investee companies and the monitoring of their performance is an essential component of enhancing the long-term value of our clients’ investments. State Street Global Advisors endeavors to implement the spirit of the UK Stewardship Code across all jurisdictions in which we invest.