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West Midlands Pension Fund

PRI reporting framework 2017

You are in Indirect – Manager Selection, Appointment and Monitoring » Appointment

Appointment

SAM 07.1. Appointment processes (listed equity/fixed income)

07.1. Indicate if in the majority of cases and where the structure of the product allows, your organisation does any of the following as part of the manager appointment


SAM 07.2-5. Appointment processes (listed equity/fixed income)

07.2. Provide an example per asset class of your benchmarks, objectives, incentives/controls and reporting requirements that would typically be included in your managers’ appointment.

Asset class

Benchmark

Objectives

          We control the voting in our segregated funds, voting according to our Fund's policies. For pooled funds we expect managers to vote with reference to an adequate RI framework, and challenge our fund managers when this appears to have been contradicted.
        

Incentives and controls

Reporting requirements

Benchmark

Objectives

          Managers are required to act in accordance with our SIP/ ISS, including the provision to act with due care, considering all financially material factors including ESG factors.
        

Incentives and controls

Reporting requirements

Benchmark

Objectives

          Coporate fixed income managers are expected to adhere to our SIP/ ISS including due attention to stewardship responsibilities including engagement.
        

Incentives and controls

Reporting requirements

07.3. Explain how your organisation evaluates the reporting capacity of the manager to meet your reporting requirements during the selection process

Agree upon ESG reporting requirements

Review ESG reporting processes and capacity in place

Agree processes for raising ad-hoc ESG issues

Other, specify

None of the above

LE

FI - SSA
FI - Corporate (financial)?
FI - Corporate (non-financial)?
Property
Agree upon ESG reporting requirements
Review ESG reporting processes and capacity in place
Agree processes for raising ad-hoc ESG issues
Other, specify
None of the above

If you select any 'Other' option(s), specify

07.4. Explain which of these actions your organisation might take if any of the requirements are not met

07.5. Provide additional information relevant to your organisation's appointment processes of external managers. [OPTIONAL]

          
        

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