Issue - meetings
UNRESTRICTED MINUTES
Meeting: 12/03/2018 - Pension Board (Item 4)
4 UNRESTRICTED MINUTES PDF 138 KB
To confirm as a correct record of the proceedings the unrestricted minutes of the meeting of the Pensions Board held on 27 November 2017.
Minutes:
The minutes of the meeting were agreed and approved as a correct record.
Matters Arising
Item 4 Unrestricted Minutes; Matters Arising (Item 5.1 ESG Factors) Baillie Gifford / Tesla Poor Labour Practise.
Members were advised that Tesla was still refusing to engage with Trade Unions and that the Companies stance may have an impact on Investments. The Board was advised that further enquiries will be made about the Company’s non-engagement and noted that the London CIV was to hold a Quality Management Meeting.
Item 7 Discussion and Presentation from London CIV on Governance Arrangement / Non adherence to agreed voting rules.
Members requested that Officers try to ascertain why some Fund Managers fail to follow the set voting rules at the London CIV and suggested that they forward recommendations about voting practises to the Body.
RESOLVED
That Officers seek reasons for why some Fund Managers fail to adhere to set voting rules at the London CIV and that they forward recommendations about voting practise.