05.3.
Provide additional information relevant to your organisation`s monitoring processes of external managers.
[OPTIONAL]
In regard to monitoring, Mercy depends mostly on our internal developed negative screen executed with the help of MSCI on our separately managed investments. Audits of separate accounts that apply the negative screen are conducted semi-annually, and updated screening lists are disseminated on a quarterly basis. Should a manager be out of compliance or requests an exception, investment staff will engage the SRI committee to determine a course of action.