Summary
PGIM Private Capital (Ireland) Limited (“the Firm”) has designed and implemented a remuneration policy that ensures that the Firm maintains and applies a sound and prudent remuneration process which does not impair compliance with the Firms’ duty to act in the best interest of its clients, which identifies and manages any conflicts of interest, promotes sound and effective risk management and does not encourage risk taking which is inconsistent with the risk profile of the Firm or the risk profiles and constitutional documents of the alternative investment funds (“AIFs”) under management.
The remuneration policy stipulates that the balance between the fixed and variable component of remuneration shall be reasonable and not encourage excessive risk taking.
The inclusion of sustainability risks in the areas of environment, social affairs and corporate governance is therefore explicitly included in the remuneration policy of the Firm.
Employees subject to the Remuneration Policy shall be assessed on their adherence to the Sustainability Risk Policy where this is relevant to their role.
