Agenda item

A) Presentation by Antony Burgess, Veritas

B) Fund Manager Analysis

Report of Aon Hewitt.

10A

The Chairman welcomed Antony Burgess who set out Veritas’s approach to managing global equities and answered a number of questions from the Board Members.

The Chairman thanked Mr Burgess and after he had left the meeting, the Board briefly discussed the presentation ahead of the Fund Manager selection process at the next meeting.

10B

The Board noted Aon Hewitt’s analysis of Veritas.

RECEIVED