Issue - meetings
UNRESTRICTED MINUTES
Meeting: 16/10/2017 - Pension Board (Item 4)
4 UNRESTRICTED MINUTES PDF 120 KB
To confirm as a correct record of the proceedings the unrestricted minutes of the meeting of the Pensions Board held on 31 July 2017.
Minutes:
The minutes of the meeting held on 31 July 2017 were agreed and approved as a correct record.
Matters Arising
Item 4 Matters Arising – Funding Strategy Statement Consultation / Comments;- Members noted that their agenda included presentations which would cover the Funding Strategy and that they were to hold discussions about inflation and ESG factors.
Item 7.2 Feedback from the Chair on CIPFA Pensions Board Seminar / Governance of Pooled Investments (CIV);- Members were advised that the Government had started their review on the CIV and were requested to respond to the Survey. The meeting noted that the Survey had not been widely circulated and that they could complete the survey as a Body and also on an individual basis. The Board agreed that they should do a collective response to the survey.
Item 5.1
· ESG Factors
Members commented about the poor labour practices and customer services within companies that were part of their investment schemes and noted that Baillie Gifford was one of the Fund Managers which had such companies in their portfolio. The meeting was advised that any concerns of poor working practices and poor customer service should be brought to the attention of representatives on the London CIV. These concerns will be addressed by representatives on the London CIV with the relevant Fund Managers.
Members were advised that they will be provided feedback on what was discussed at the London CIV Joint Committee and what course of action was being taking in regards to poor employer relationship and poor customer service.
Cllr. David Chesterton left the meeting at 12.10hrs
Meeting: 18/09/2017 - Pension Board (Item 4.)
4. UNRESTRICTED MINUTES PDF 130 KB
To confirm as a correct record of the proceedings the unrestricted minutes of the meeting of the Pensions Board held on 31 July 2017.