---
title: "Research Services - Assessing engagement with shareholders and reporting following significant votes against a resolution"
ocid: "ocds-b5fd17-e475fe28-e5ca-4c1a-a086-7c7885e572b1"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e475fe28-e5ca-4c1a-a086-7c7885e572b1"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e475fe28-e5ca-4c1a-a086-7c7885e572b1.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e475fe28-e5ca-4c1a-a086-7c7885e572b1.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2022-03-18"
---

# Research Services - Assessing engagement with shareholders and reporting following significant votes against a resolution

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-e475fe28-e5ca-4c1a-a086-7c7885e572b1

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## Summary

The Financial Reporting Council (FRC) has completed a tender process for the "Research Services - Assessing engagement with shareholders and reporting following significant votes against a resolution" project, which falls under the research and development services category. This procurement was conducted using an open procedure and was officially published on 15th December 2021. The tender period concluded on 24th January 2022, while the contract, valued at £45,000, commenced on 21st March 2022 and is set to last until 22nd August 2022. The work primarily focuses on assessing shareholder engagement and reporting related to company votes at Annual General Meetings (AGMs), particularly where there are significant dissenting votes.

This opportunity presents valuable prospects for businesses specialising in research and consultancy services, particularly those with a focus on corporate governance, shareholder engagement, and compliance auditing. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations may find themselves well-positioned to compete, given that the FRC is seeking to promote best practices in transparent reporting and engagement with investors. Additionally, the outcomes of this research could significantly inform future governance practices across companies listed on the FTSE 350 index.

## Notice

***THIS OPPORTUNITY IS CLOSED. THIS IS A CONTRACT AWARD NOTICE*** The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit and high-quality risk management. As the Competent Authority for audit in the UK, the FRC sets auditing and ethical standards and monitors and enforces audit quality. This project concerns shareholder votes of 20% or more against resolutions at company Annual General Meetings (AGMs). We are interested in how such votes are reported and the level, and quality, of engagement that subsequently takes place between company boards and investors. The aim of the research project was to assess: * The level and quality of companies' reporting against Provision 4 of the Corporate Governance Code and the usefulness of this reporting to shareholders. * The level and quality of engagement between companies and their shareholders following a vote of 20% or more against a proposed resolution. * How this engagement has impacted companies' subsequent actions and subsequent shareholder stewardship, including engagement and voting. The research project supports the work of the Corporate Governance and Stewardship team in the FRC, as well as the broader aims of the FRC, to understand and promote good governance and best practice. The output from the research may be used in an FRC publication(s) and where this is the case the contribution of the contracted research team will be cited and acknowledged appropriately. Scope of the Project The research includes all companies that were constituents of the FTSE 350 index on 1 January 2019 and will cover all AGMs of those companies in 2019, 2020 and 2021. Approach The data for this research is available from the following sources: * The Investment Association's public register * Companies' AGM notices * Companies' statements/updates/announcements (including those of AGM voting results) * Companies' annual reports * Other information sources (e.g. media coverage, stock exchange announcements, stewardship reports, dialogue with IA, etc). The successful bid established the criteria/scale to reliably assess: * Quality of reporting by companies in the areas listed * Quality of engagement between companies and shareholders These criteria should allow for comparisons between companies and between time periods (within the scope of the research sample). Additional information: THIS OPPORTUNITY IS CLOSED. THIS IS A CONTRACT AWARD NOTICE.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/fdccdadc-78a0-4b17-a18c-ff80bdbbd39e |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Mar 2022 |
| Submission deadline | 24 Jan 2022 |
| Future notice date | Not specified |
| Award date | 18 Mar 2022 |
| Contract period | 21 Mar 2022 - 22 Aug 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £45,000 |
| Lots value | Not specified |
| Awards value | £45,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE FINANCIAL REPORTING COUNCIL LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2Y 5AS |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Bassishaw |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | KING'S COLLEGE LONDON |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 18 Mar 2022 at 16:29 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/fdccdadc-78a0-4b17-a18c-ff80bdbbd39e
- 16 Dec 2021 at 12:28 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/fd2efa17-01e9-49d8-9da9-4938cc72da7c
- 15 Dec 2021 at 10:35 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/fd2efa17-01e9-49d8-9da9-4938cc72da7c

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/fdccdadc-78a0-4b17-a18c-ff80bdbbd39e
  18th March 2022 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/fd2efa17-01e9-49d8-9da9-4938cc72da7c
  16th December 2021 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/849968c8-e4c3-4378-bb2d-112fb50d8151
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/c9bc4f9b-8040-47be-aee3-a229fe322ffc
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/7d0ad4af-e9e1-4de4-9e03-f5159e265af9
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/c08c9ac1-69a9-46ea-bc7c-3e1224caa734

## Notice URLs

- http://www.frc.org.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-e475fe28-e5ca-4c1a-a086-7c7885e572b1. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e475fe28-e5ca-4c1a-a086-7c7885e572b1.json.