The Council is proposing that a new body be allow the Council to articulate to the EFSB its views on the established to represent the University as trustee of the management of the University’s investments more robustly CUEF and parent of CIML, to be called the EFSB. [...] The establishment of the EFSB, together with the • the corporate trustee of the CUEF that appoints and other changes to the governance structure, would create oversees CIML to manage the CUEF and sets and two parallel frameworks – one for the oversight of the changes the CUEF’s investment objectives, University’s investments and the other for the proper distribution objective and investment princi. [...] Under the revised arrangements, members of the free of the constraints that the Council’s conflict of Regent House would continue to be able to make their interest imposes on the exchange of information views known to the Council in relation to the investment with CIML; and policy of the University and its investment in the CUEF. [...] (a) The Endowment Fund Supervisory Body may exercise any and all of the powers of the University as trustee of the Cambridge University Endowment Fund in the proper discharge of its duties, including (without limitation) the power to set the investment objectives, the distribution objective and the investment principles for the Cambridge University Endowment Fund. [...] recognised that careful planning would be required to ensure Given the exceptional and evolving circumstances of the financial sustainability of the University and to fulfil its the Covid-19 pandemic, and its far-reaching consequences, overriding goal of protecting the academic mission and the Council agreed in June 2020 to postpone the publication long-term potential of the University to contribu.
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