Agenda item
REVISED STATEMENT OF INVESTMENT PRINCIPLES
Minutes:
The Investment Manager introduced the report. She reminded members that it was a legal requirement to update the Investment Principles whenever there was any material policy change. The changes incorporated the responsible investment policy and the cash management policy.
A member asked for clarity about the distinction between cash management and treasury management, particularly in the light of the third paragraph on page 3 of the amended statement. Officers were asked to respond to this.
A member drew attention to the statement in paragraph 9 (Exercise of Voting Rights) on page 7 of the statement, in which it was made clear that the Fund would actively require its fund managers to vote their shares in line with the fund manager’s own internal voting policy.
The Committee RESOLVED (unanimously)
(1) To APPROVE the revised Statement of Investment Principles.
Supporting documents:
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13 Revised Statement of Investment Principles, item 32.
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13z - Appendix 1, item 32.
PDF 134 KB
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13z - Appendix 2, item 32.
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13z - Appendix 3, item 32.
PDF 32 KB
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13z - Appendix 4, item 32.
PDF 27 KB
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13z - Appendix 5, item 32.
PDF 74 KB
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13z - Appendix 6, item 32.
PDF 172 KB
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13z - Appendix 7, item 32.
PDF 147 KB