Investment Committee
- Remit
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Remit: (To be reviewed annually at first meeting of committee cycle)
Responsible for:- On behalf of the Policy and Resources Committee and Trustees of the Development Trust, manage investment policy, including objectives and restrictions in the management of funds invested.
- To undertake the tendering for external investment management and/or advisory services, as appropriate, and to recommend the terms of appointment, including remuneration.
- To set a long-term investment strategy including benchmarks and targets for the investment managers and/or advisors.
- To monitor and review the sustainable investment policy in line with the wider University strategy and objectives.
- To review and hold approval over the investment recommendations made by the investment advisors.
- To monitor the performance of the investment advisors and/or managers in line with set reporting requirements.
- To review the performance of the investments in line with set reporting requirements.
- To submit quarterly reports, and periodic reports if appropriate, to the Senior Management Team, Policy and Resources Committee and Development Trust via the Chief Financial Officer.
- Composition
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Convener Court / Finance and Resourcing Committee Member Membership Court / Finance and Resourcing Committee nominee 2 x Development Trust Trustee representatives Chief Financial Officer AUSA SAbbatical Officer 2 x External Member with professional investment experience In attendance Assistant Director, Financial Accounting Other University Officers, as appropriate Quorum
50% of formal membership (including Convener)Decisions relating to the Development Trust portfolio require at least one Development Trust representative to vote in favour.