The Subcommittee on Investments recognizes that proxy voting is a fiduciary responsibility and requires that proxies be voted based on those factors that would enhance the value of the Endowment′s investments. The Committee delegates their authority to vote proxies to the investment managers employed by the College and instructs the investment managers to maintain accurate voting records and to vote proxies for the exclusive benefit of the Endowment. If the Endowment has not retained investment managers or has assets not in the control of an investment manager, then the Trustees shall vote all proxies for the exclusive benefit of the Endowment.
In effect February 14, 2008.
Vice President for Finance and Business Affairs.