Corporate Governance

(Please Note : The following documents are provided in PDF format. Acrobat Reader software is required in order to read them.)

The Pensions Committee recognises its role as one of promoting best practice in corporate governance which it considers to be consistent with maximising long term returns.

UK Stewardship Code

The Fund fully complies with the Financial Reporting Council's UK Stewardship Code (see below) and all its equity investment managers are current signatories of the code.

Staffordshire Pension Fund's statement of compliance with the code is set out in the document below:

PDF DocumentStatement of Compliance  (442KB)

Details of the UK Stewardship code can be found in the document below:

PDF DocumentUK Stewardship Code   (319KB)

The Pensions Committee policy on Responsible Investment is to endorse the United Nations (UN) Principles of Responsible Investing and to encourage all of it's equity managers to sign up to the UN Principles to incorporate environmental, social and governance issues into their investment process.

PDF DocumentUNPRI Annual Report 2017 (6.6MB)

Local Authority Pension Fund Forum (LAPFF)

To underline Staffordshire Pension Fund's commitment to matters of corporate governance and socially responsible investment, in March 2013 Staffordshire Pension Fund joined LAPFF.  LAPFF is a voluntary association of 70 local government pension funds with assets under management of over £200bn (at the time of writing).  The forum seeks to protect its members investments by promoting the highest standards of corporate governance and corporate social responsibility from the organisations they are invested in.

You can find more information about LAPFF by clicking on the link to their website here

Investment managers

Below are a selection of the Fund's equity investment manager's corporate governance and socially responsible investment reports.  More information can be found on each of the individual investment manager's websites.  Please click the investment manager name to visit their website.

JP Morgan Asset Management

PDF Document Corporate Governance Policy and Voting Guidelines April 2018(187KB)

PDF Document UK Stewardship Compliance Statement November 2017 (51KB)

PDF Document Sustainable Investing 2017 (566KB)

Legal and General

PDF Document Corporate Governance & Responsible investment principles 2018 (804KB)

PDF Document Corporate Governance Report 2017 (5,529kB)

PDF DocumentUK Stewardship Compliance Statement 2018 (186KB)

Longview Partners 

PDF Document Responsible Investment Policy July 2017 (291KB)

PDF Document Shareholder Activism Policy March 2017 (308KB)

PDF Document UK Stewardship Code Statement September 2017 (219KB)

Russell Investments

PDF Document Responsible Investments best practices May 2018 (87KB)

PDF Document UK Stewardship Code Statement August 2016 (705KB)

Standard Life Investments

PDF Document Governance and Stewardship Annual Review December 2017 (1,318KB)

PDF Document Governance and Stewardship Principles and Policy Guidelines May 2017 (209KB)

UK Stewardship Compliance Statement

 Harbourvest

PDF DocumentEnvironmental, Social and Governance Policy 2017 (165KB)

Insight

PDF DocumentUK Stewardship Code Statement 2017 (1,027KB)

PDF DocumentResponsible Investment Report 2018 (4,523KB)