(1) Without prejudice to any other provision of this Act, the trustees of a scheme or trust RAC shall put in place an effective system of governance which provides for sound and prudent management of the activities of that scheme or trust RAC and those trustees shall provide that such system of governance includes -
(a) an adequate and transparent organisational structure with a clear allocation and appropriate segregation of responsibilities which shall -
(i) set out the functions and activities required to manage the scheme or trust RAC, and
(ii) specify the person who is responsible for performing each such function and carrying out any such activity, and
(b) an effective system for ensuring the transmission of information.
(2) The system of governance referred to in subsection (1) shall include consideration of environmental, social and governance factors related to investment assets in investment decisions.
(3) The trustees referred to in subsection (1) shall regularly review the
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