Issue - meetings

Report and appendix attached.

The Committee received an annual report, produced by Hymans, which summarised the fund managers’ voting and engagement activities for the 12 months to June 2020.

The Committee noted that the Fund had investment through 3 managers across seven mandates with equity exposure. Vast majority of votes eligible to be exercised were voted. Members noted 3 focus areas that were being monitored by Hymans, being; Labour Practises, Diversity and Climate Change.

The Committee:

1. Noted Hymans summary review of fund manager voting and engagement activity attached as Appendix A.
2. Noted the recommendations as set out in Appendix A and,
3. Agreed to continue to engage with London CIV to progress and investigate the possibility of adopting a combined pool policy and,
4. Considered and agreed to select diversity, labour practises and climate change be actively monitored.