Internal Committees

UTAM’s internal committees play a vital role in the oversight and management of our activities.

Management Committee

The Management Committee considers wide-ranging operational and investment matters under the following broad categories:

  • Enterprise risk
  • Human resources
  • Policy approval
  • Information technology, business continuity planning
  • Broad investment strategy and investment risk issues
  • Internal audit

The committee is composed of the President (Chair), the Chief Operating Officer, the Chief Risk Officer and the Investment Heads.

Management Investment Committee

The Management Investment Committee reviews investment activities and makes recommendations, decisions and approvals where required, including but not limited to:

  • Investment strategy
  • Asset mix and rebalancing reports
  • Investment performance reports
  • Investment manager hire/termination recommendations
  • Investment manager and investment service provider watchlist

The Committee is composed of the President (Chair) and all other investment staff, as well as senior members of the Risk and Research and Operations teams.

Management Investment Risk Committee

The Management Investment Risk Committee oversees the development and implementation of UTAM’s investment risk framework, including review of client portfolio investment risk positions, and the evaluation of investment-risk-related issues.

The Committee is composed of the Chief Risk Officer (Chair), the President, members of the Risk & Research team, and the Investment Heads.

Responsible Investing Committee

The Responsible Investing Committee oversees all matters relating to the development and implementation of our responsible investing practices including the following activities:

  • Develops and approves our Responsible Investing Policy for Management Committee and Board approval
  • Sets annual responsible investing objectives, including those specifically related to climate issues
  • Identifies and evaluates evolving best practices with respect to responsible investing
  • Approves and oversees the implementation of responsible investing practices
  • Provides appropriate training for staff
  • Develops responsible investing reporting to stakeholders
  • Oversees annual PRI reporting
  • Considers any other relevant matters

The Committee is composed of the President (Chair), the Investment Heads, the Chief Risk Officer and Head of Research, and the Chief Operating Officer.

From time to time, other staff may be invited to join the Committee.

Research Committee

The Research Committee is the forum for approving and prioritizing the research agenda for UTAM’s Risk and Research team.

The Committee primarily undertakes the following activities:

  • Periodically sets, and thereafter reviews, the strategic objectives for research activities
  • Approves and prioritizes a set of annual research topics to be undertaken
  • Monitors the progress and outcomes of research activities and facilitates sharing of findings with relevant staff

The Committee is composed of the President (Chair), the Chief Risk Officer and the Director, Risk and Research, and typically meets at least quarterly.

Valuation Committee

The Valuation Committee oversees valuation practices and primarily undertakes the following activities:

  • Reviews the Valuation Policy annually
  • Reviews pricing sources annually to ensure that they remain appropriate; recommends changes as necessary
  • Receives annual confirmation that appropriate valuation procedures are in place to meet the requirements of the Valuation Policy
  • Addresses valuation issues as they arise, giving due consideration to conflict-of-interest issues

The Committee is composed of the Chief Operating Officer (Chair), the President, the Chief Risk Officer and the Director, Operations.

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Responsible Investing

UTAM is committed to responsible investing, which we define as the incorporation of environmental, social and governance (ESG) factors into investment decision-making processes, active ownership – through proxy voting and engagement – and disclosure.

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