Divestment Annual Report - Pennsylvania Treasury

More documents

Recommendations

Info

Annual Report of Activities Pursuant to Act 44 of 2010 September 30, 2012 Activities Timeline Act 44 stipulates a set of activities to be conducted by the Four Funds as well as time frames for the execution of the activities. The following table provides the deadlines for these activities and the dates on which they were completed by the Four Funds. Timeline A: Fund Activities Timeline REQUIRED ACTIONS DUE DATE Within 30 days of the passage of the Act, administrators of the public fund shall file a written report to the United States Attorney General detailing the requirements contained in the Act. Within 90 days after the effective date of the Act, a public fund shall make its best effort to identify all scrutinized companies in which the public fund has direct holdings By the first meeting of a public fund following the 09/30/2010 imposed deadline, the public fund shall assemble all scrutinized companies that fit the criteria of the definition of “scrutinized company” into a Scrutinized Companies with Activities in Iran and/or Sudan List(s). Within 120 days after the effective date of the Act, a public fund will send a written notice to identified companies. This notification will contain an explanation as to the reason of the company’s inclusion on the scrutinized companies list as well as the potential for any related securities held by the public fund to be divested. It will also include a notice informing the company of the opportunity to clarify its scrutinized business activities and encouraging the company to cease its scrutinized activities. Within one year of the creation of its scrutinized lists, a public fund will provide a report to the Governor; the President Pro Tempore of the Pennsylvania Senate; the Speaker of the Pennsylvania House of Representatives; and each member of the boards of the Pennsylvania Municipal Retirement System, the State Employees’ Retirement System and the Public School Employees’ Retirement System. ACTION TAKEN 08/01/2010 07/28/2010 09/30/2010 07/07/2010 Various dates depending upon fund 10/27/2010 10/30/2010 10/29/2010 10/27/2011 09/30/2011 Page 9 of 136
Annual Report of Activities Pursuant to Act 44 of 2010 September 30, 2012 REQUIRED ACTIONS DUE DATE A public fund shall annually update, based on evolving information under reporting requirements, and make publically available its Scrutinized Companies with Activities in Iran List and Scrutinized Companies with Activities in Sudan List ACTION TAKEN 10/27/2012 09/30/2012 Page 10 of 136
Page 1 and 2: September 30, 2012
Page 3 and 4: Annual Report of Activities Pursuan
Page 9: Annual Report of Activities Pursuan
Page 61 and 62:
Annual Report of Activities Pursuan
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137:
show all

Divestment Annual Report - Pennsylvania Treasury

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?