Governance policy statement
62.—(1) The Committee shall, after consultation with such persons as it considers appropriate, prepare, maintain and publish a written statement setting out—
(a)whether the Committee delegates its function, or part of its function in relation to maintaining a pension fund to a sub-committee or an officer of the Committee; and
(b)if the Committee delegates that function or part of that function, to a sub-committee or an officer of the Committee—
(i)the frequency of any sub-committee meetings;
(ii)the terms of reference, structure and operational procedures of the delegation; and
(iii)whether the sub-committee includes representatives of employing authorities or members, and if so, whether those representatives have voting rights.
(2) A statement prepared under paragraph (1) shall be revised and published by the Committee following a material change in its policy on any of the matters referred to in that paragraph.