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The UK Stewardship Guide

Statement of Compliance by Credit Suisse Asset Management Limited (CSAML), an FSA regulated entity in the United Kingdom.

Introduction

The UK Stewardship code was adopted by the Financial Reporting Council (FRC) in July 2010. Its aim is to set out good practice for institutional investors when engaging primarily with
the UK listed companies in which they invest.

The code consists of seven principles and operates on a ‘comply or explain’ basis. The main focus areas include:

• How firms discharge their stewardship responsibilities
• How firms manage their individual conflicts of interest
• Disclosing a clear policy on proxy voting and publicly disclosing each firms activities
• How firms monitor the progress of the companies in which they invest and how issues
  are escalated.

This document sets out CSAML’s approach to its Stewardship activities and how CSAML complies with each of the principles in the code and where applicable explains its reasons
for taking a different approach.

When reading this document it should be noted that Credit Suisse Asset Management sold its traditional UK fund management business to a third party Asset Manager in 2009. The current business model for CSAML contains very limited investments into UK listed companies with most exposure being indirect via the purchase of funds investing in companies including UK listed companies.

We recommend that this statement of compliance is read in conjunction with the Global Corporate Responsibility and Corporate Governance sections of the Credit Suisse website which can be accessed using the attached links:

• Corporate Responsibility

• Corporate Governance

  
 Any questions on this statement should be addressed to Andrew Veasey . 

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