The Article considers whether the duties imposed on institutional shareholders by Directive 2017/828 to disclose how their investment strategy will contribute to the medium to long-term performance of their assets will facilitate good governance at the investee company level. The Article reviews the basis for the duties, and provides objections to its policy underpinnings and the extent to which increasing shareholder value is an appropriate objective for shareholder stewardship from a perspective that considers investee companies' corporate governance.