FROM: Don Pierce, Chief Investment Officer
SUBJECT: Investment Policy No. 014 (Participation on Advisory Committees/Boards)
RECOMMENDATION:
title
Approve and adopt updates to the Investment Policy No. 014 (Participation on Advisory Committees/Boards).
body
BACKGROUND:
General Policy No. 005 involves the periodic review of Board Policies and indicates that the Investment Committee shall review investment policies every three years.
Investment Policy No. 014 (Participation on Advisory Committees/Boards) was last reviewed in 2021.
Investment staff, NEPC, and our Legal department have conducted a review of Investment Policy No. 014 (Participation on Advisory Committees/Boards) and has found it consistent with current practice. Staff is therefore recommending renewal of Investment Policy 014 (Participation on Advisory Committees/Boards) without substantive change.
COMMITTEE REVIEW:
This item was reviewed by the Investment Committee at its meeting on October 10, 2024, and recommends Board approval with a 3-0 vote. Trustee Basle was absent from the meeting.
BUDGET IMPACT:
None.
STRATEGIC PLANNING GOAL/OBJECTIVE:
Prudent Fiscal Management
STAFF CONTACT:
Don Pierce
ATTACHMENTS:
Exhibit A: Investment Policy No. 014 (Participation on Advisory Committees/Boards)