Corporate Governance

GPF believes that corporate governance and sustainability are an integral part of responsible investment. GPF Board of Directors has established corporate governance policy, divided into five sections. The first section elaborates all matters related to the Board, including structure, roles and responsibilities, followed by code of ethics and conduct in the second section. Then, the policy highlights corporate disclosure on financial reports, board members’ outside directorship, board meeting attendance and remuneration. The last two sections focus on an equitable treatment to members and attentions to other stakeholders, namely employees, suppliers, outsourced asset managers, including the public, society and environment. The whistle blowing system is put in place; and confidentiality protection is provided to those who tip off any complaints or wrongdoing in relation to integrity, fraud, bribery or corruption.

With high standard business integrity, GPF set forth the code of conduct and staff dealing rules on integrity, ethical standards and stringent requirements with respect to compliance, confidentiality, conflict of interest, and disclosures. All GPF employees must annually affirm their agreement to adhere to the code of conduct, and report their personal security transactions on a timely basis.

As one of the leading institutional investors, GPF believes in responsible investment that it would bring good long-term and sustainable returns. GPF incorporates ESG (Environmental, Social and Governance) issues into our investment analysis and decision making. By doing this, our fund managers will gain insight into the quality of the company’s management, culture, risk profile and other characteristics to justify if the company is better managed, more forward-looking, better at anticipating and mitigating risk, meets standard of corporate responsibility and focuses on the long term.

By means of shareholder advocacy, GPF encourages companies to strengthen corporate governance and altogether bring ESG issues into their business process. We use a variety of strategies to pursue our commitment. We exercise our rights as the shareowner in all shareholder meetings in accordance with our proxy voting guidelines, and further engagement with companies through telephone calls, analyst meetings, and direct dialogue with senior management’s engagement. It will promisingly create value to shareholders as well as a mutual and sustainable growth.