Investment committee

Composition

The Investment Committee consists of at least four members, whereby two members of the Pension Fund Board must be represented. Each member has one vote. In case of a tie, the chairman decides.

The Pension Fund Board may appoint external experts, without voting rights, to the Investment Committee.

Participate in an advisory capacity: the managing director, the head of asset management and the external investment expert/investment controller.

The Pension Fund Board may elect further internal or external experts (with or without voting rights) to the Investment Committee.

Main tasks and competences

• is responsible for the realization of the strategic asset structure defined by the Pension Fund Board.
• is responsible for risk management taking into account the requirements imposed by the Pension Fund Board.
• requests the modifications of the long-term investment strategy and prepares the basis for deciding on the long-term investment strategy.
• decides on the asset managers with whom the pension fund is to work together (award of mandate) and informs the Pension Fund Board. It regulates the activity of asset managers by means of clearly defined management mandates and specific investment guidelines.

General

• meets at least four times a year and can be convened by a member at any time if required.