Vadimus : 1 Inclusion of ecological , economic , social and institutional considerations 2 when setting targets and limits for multispecies fisheries 3

43 Targets and limits for long-term management are used in fisheries advice to operationalize 44 the way management reflects societal priorities on ecological, economic, social and institutional 45 aspects. This study reflects on the available published literature as well as new research presented at 46 the international ICES/Myfish symposium on targets and limits for long term fisheries management. 47 We examine the inclusion of ecological, economic, social and institutional objectives in fisheries 48 management, with the aim of progressing towards including all four objectives when setting 49 management targets or limits, or both, for multispecies fisheries. The topics covered include 50 ecological, economic, social and governance objectives in fisheries management, consistent 51 approaches to management, uncertainty and variability, and fisheries governance. We end by 52 identifying ten ways to more effectively include multiple objectives in setting targets and limits in 53 ecosystem based fisheries management. 54