Indiana Code 5-10.2-14-8. Prohibited actions
Current as of: 2023 | Check for updates
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Sec. 8. (a) Except as otherwise provided by law, the board may not make an investment decision with the purpose of:
(2) attempting to influence the governance of any corporation for nonfinancial purposes.
(1) influencing any social or environmental policy; or
Terms Used In Indiana Code 5-10.2-14-8
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: as used in this article , means the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.2-1-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- ESG commitment: means an action taken or a factor considered by a service provider:
Indiana Code 5-10.2-14-2
- Oversight: Committee review of the activities of a Federal agency or program.
- Proxy voting: The practice of allowing a legislator to cast a vote in committee for an absent legislator.
- system: refers to the Indiana public retirement system established by Indiana Code 5-10.2-14-5
(b) Except as otherwise provided by law, the system is prohibited from making an ESG commitment with respect to system assets, including without limitation in the selection of investments, selection of investment managers, management or oversight of investments, proxy voting, or shareholder engagement.
As added by P.L.206-2023, SEC.1.