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Matthews International Capital Management (Matthews Asia)

PRI reporting framework 2020

You are in Strategy and Governance » Governance and human resources

Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the internal and/or external roles used by your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for responsible investment.

Roles

Select from the below internal roles

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

To help manage risk across our strategies, we take a disciplined approach to risk management. Our Chief Investment Officer oversees key investment team functions through regular meetings and one-on-one interaction with portfolio managers and investment group leaders. Portfolio managers understand material risks in portfolios through in-depth analysis and proprietary research into our investee companies.

Additionally, our Global Head of Risk and Compliance serves as chair for our Enterprise Risk and Compliance Committee (ERCC).

The purpose of the ERCC is to assist the CEO and senior management in the oversight of the Company’s risk management framework, including the strategies, policies, procedures, processes, and systems established to identify, assess, monitor, and manage the major risks facing the Company, including regulatory and compliance risks.

As part of the ERCC, we have an Investment Risk Sub-Committee (the “IRC”). The purpose of the IRC is to assist the Executive Committee/CEO in the identification, review and monitoring of investment risks to client portfolios (including market, liquidity, diversification, credit, interest rate, derivative and other risks).  The IRC is not a policy or investment decision making body.  Determination of internal investment guidelines, risk budgets or other investment policies, as well as supervisory authority over investment decision making, resides with the CIO subject to direction by the CEO.

Third party ESG ratings and reputational risk reports have been integrated into our internal Risk Management frameworks.

CORPORATE GOVERNANCE AND STEWARDSHIP SUB-COMMITTEE ("CG&S") OVERSIGHT

The CG&S Sub-committee was established in 2019 to oversee matters related to corporate engagement, in particular stewardship and active ownership that pertain to Matthews Asia portfolio holdings. In addition, the Sub-committee was created to promote stewardship, integration of environmental, social and governance (ESG) factors into the investment process (ESG Integration), and to assess and advise on methods to mitigate any regulatory, reputational, legal and operational risks that may arise from decisions, actions, and representations with respect to corporate engagement. The Sub-Committee reports to the ERCC and is comprised primarily of investment team members, but also includes representatives from legal, compliance, client services and operations departments.

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

1.5 Number

07.4. Additional information. [Optional]

Matthews Asia hired a dedicated ESG Analyst in October 2018.


SG 07 CC. Climate-issues roles and responsibilities (Private)


SG 08. RI in performance management, reward and/or personal development (Private)


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