STANLIB has a Conflict of Interest Policy in terms of Financial Advisors and Intermediary Services Act (Act No. 37 of 2002 – “the FAIS Act”) to address any conflict of Interest in the investment process. In terms of the FAIS Act SYANLIB must take all necessary steps to eliminate any practices and/or services that may create a conflict between their interests and the interests of an existing or potential client. In addition, the Code requires that where it is not possible to avoid any act, action or reward that may create a potential conflict of interest, appropriate steps must be taken to mitigate the impact and it must be appropriately disclosed to the client at the earliest reasonable opportunity. In addition, our internal Proxy Voting Policy also addresses conflict resolution.