Minute from the St Hugh's Finance Committee, 23 Feb 2005

Posted on 07/03/05 by bridget

The Committee considered the proposal from St Hugh's JCR global justice group and agreed that there is merit in allowing prospective donors to give to an ethical fund. This will be referred to Investment Committee to identify options.

However, the College has a good relationship with Barclays that encompasses investement, banking and borrowing. It was agreed that the Principal and the Bursar will meet with the JCR and explain; we are alert to the importance of ethical standards in company behaviour, while also being clear that our responsiblity as a College is to maximise the return on the College's endowments. With all of our assets managed by BGI, the determinant of our
ethical investment policy is the behaviour of BGI with respect to its collective investments. Their own policy is based on guidelines established by the Combined Code of the London Stock Exchange Committee on Corporate Governance and also incorporates established principles of best practice.