Sec. 21. (a) Not later than March 30, 2008, the board shall make a good faith effort to identify all scrutinized companies in which a fund has direct or indirect holdings.

     (b) In carrying out its responsibilities under subsection (a), and at the board’s discretion, the board may use existing research or contract with a research firm.

Terms Used In Indiana Code 5-10.2-9-21

  • board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.2-9-2
  • business operations: means engaging in any commerce in any form in Sudan. See Indiana Code 5-10.2-9-3
  • company: means any of the following:

    Indiana Code 5-10.2-9-4

  • Contract: A legal written agreement that becomes binding when signed.
  • fund: refers to the following:

    Indiana Code 5-10.2-9-8

  • inactive business operations: means the mere continued holding or renewal of rights to property previously operated to generate revenues but not presently deployed for such purpose. See Indiana Code 5-10.2-9-10
  • indirect holdings: means all securities of a company:

    Indiana Code 5-10.2-9-11

  • research firm: means a reputable, neutral third party research firm not controlled by the fund (before July 1, 2011) or system. See Indiana Code 5-10.2-9-17
  • scrutinized company: means a company that meets any of the following criteria:

    Indiana Code 5-10.2-9-18

     (c) A board or a research firm with which the board contracts under subsection (b) may take any of the following actions:

(1) Review publicly available information regarding companies with business operations in Sudan.

(2) Contact other institutional investors that invest in companies with business operations in Sudan.

(3) Contact asset managers contracted by the fund that invest in companies with business operations in Sudan.

     (d) Not later than the first meeting of the board after March 30, 2008, the board shall compile the names of all scrutinized companies into a scrutinized company list and indicate whether each scrutinized company has active or inactive business operations in Sudan.

     (e) The board shall update its scrutinized company list at least on an annual basis based on evolving information from sources described in subsections (b) and (c).

As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.54.

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