The Board approves the Investment Policy Statement (IPS) and Proxy Voting Policy.
The Strategic Investment Committee (SIC) ( a Board committee), is responsible for reviewing the Proxy Voting policy for modification as needed and making recommendations for consideration by the Board. Reviews the appropriateness of and approving the strategy parameters and goals for corporate engagement.
Chief Executive (CE): Approve deviations from the policy. Ensure that the strategy parameters and goals for corporate engagement activities are established and monitored. Ensure that a representative of the Fund attends the annual general meetings of the top five owned companies or of any company where the proxy voting agent will not be allowed to vote or speak on behalf of the Fund
Portfolio managers/Analysts: Monitor and incorporate ESG in the investment process.
CIO: Implement Proxy either via the Proxy Voting agent or through IMU in instances where the Proxy Voting agent is allowed to vote or speak on behalf of the Fund. Establish and monitor strategy parameters and goals for corporate goals for corporate governance activities. Ensure that the policy is kept current and through regular policy review. Ensure that policies are made available/communicated to the relevant stakeholders. Ensure that deviations from the policy are documented and sent to the CE for approval.