FROM: Stacey Barnier, Director of HR and Risk Management
SUBJECT: Performance Evaluation Process for Chief Executive Officer and Chief Counsel
RECOMMENDATION:
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Approve the 2024 performance evaluation process and timing for the Chief Executive Officer and Chief Counsel.
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BACKGROUND:
In accordance with the SBCERA Staff Performance Evaluation and Planning (PEP) Policy (018), the format and framework for completion of the CEO's or Chief Counsel's performance evaluation shall be reviewed with the Board annually.
The next performance review for the CEO and Chief Counsel is due to begin in March 2024. It is recommended that the performance reviews continue to include the 360 degree review component for the CEO with feedback from the CEO's direct reports and for the Chief Counsel from the senior leadership team using the same format that the Board uses to provide feedback.
Staff recommends using the 2023 updated Performance Evaluation template that was approved by the Board last year. Additionally, staff recommends the Executive Committee continue to serve as the Performance Evaluation Committee for the CEO and Chief Counsel. In accordance with the SBCERA By-Laws approved on February 9, 2019, the Executive Committee shall be comprised of the current Board Chair and Vice Chair, and immediate past Board Chair to advise the Board on benefit and compensation of SBCERA Employees, among other matters.
Staff recommends the following timeline:
March 7, 2024 Board Chair appoints Executive Committee to serve as Performance Evaluation Committee members.
March 22, 2024 Chief Executive Officer and Chief Counsel will provide Closed Session briefings to the Board on their accomplishments and goals.
March 22, 2024 An online survey tool will be released to the Trustees and direct reports to gather their feedback, which will request a specific evaluation of no more than ten key areas, with room for narrative discussion on each area, as well as o...
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