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Payment calendarCheck mailed September 28Direct deposit September 30

Board meeting - January 2021

Unless otherwise specified, meetings will be held at the following location:

Web Conference

All meeting times are approximate depending upon the end of the previous meeting.

***Public Meeting Notice***

January 27, 2021

Investment Committee - 9:00 a.m. 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01

Item 2 - Opportunities for Statements from the Public

Session: Open | Type: Informational | Presenter: Chairperson

Item 3 - Approval of Minutes of the November 4, 2020, Investment Committee Meeting – Open Session

Session: Open | Type: Informational | Presenter: Chairperson

Item 03

Item 4 - Sustainable Investment & Stewardship Strategies – Stewardship Priorities

Session: Open | Type: Informational | Presenter: Chairperson

Item 04

Item 5 - Sustainable Investment & Stewardship Strategies – Corporate Governance Principles Update

Session: Open | Type: Informational | Presenter: Chairperson

Item 05

Item 6 - Adoption of Global Investment Performance Standards

Session: Open | Type: Consent/Information | Presenter: Chairperson

Item 06

Item 7 - Sustainable Investment & Stewardship Strategies Program and Portfolio Policy Revision – Private Portfolio – First Reading

Session: Open | Type: Action | Presenter: Kirsty Jenkinson and Brian Rice

Item 07Item 07 PowerPoint

Item 8 - Investment Insight Speaker – China Risk and Opportunities

Session: Open | Type: Informational | Presenter: Kewsong Lee, Carlyle Group

Item 08Item 08 PowerPoint

Item 9 - Review of Information Requests

Session: Open | Type: Informational | Presenter: Chairperson

Item 10 - Draft Agenda for the Next Committee Meeting

Session: Open | Type: Informational | Presenter: Chairperson

Item 10

Item 11 - Approval of Minutes of the October 9, 2020, Investment Committee Meeting – Closed Session (Gov. Code, sec 11126) 

Session: Closed | Type: Consent/Action | Presenter: Chairperson

Item 12 - Approval of Minutes of the November 4, 2020, Investment Committee Meeting – Closed Session (Gov. Code, sec 11126)

Session: Closed | Type: Consent/Action | Presenter: Chairperson

Item 13 - Approval of Minutes of the November 19, 2020, Investment Committee Meeting – Closed Session (Gov. Code, sec 11126)

Session: Closed | Type: Consent/Action | Presenter: Chairperson

Item 14 - Investment Transaction – Private Equity (Gov. Code, sec 11126 (c)(16))

Session: Closed | Type: Informational | Presenter: Scott Chan, Margot Wirth and Tom Baker

Item 15 - Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16))

Session: Closed | Type: Informational | Presenter: Investment Staff and Consultants

Item 16 - Sustainable Investment & Stewardship Strategies Strategic Engagement Opportunity Update (Gov. Code, sec 11126 (c)(16))

Session: Closed | Type: Informational | Presenter: Kirsty Jenkinson and Aeisha Mastagni

Item 17 - Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))

Session: Closed | Type: Informational | Presenter: Brian J.Bartow

 

NOTE:  Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and observe but may not participate in the discussion of agenda items.

January 28, 2021

Board Governance Committee - 8:30 a.m. 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01

Item 2 - Approval of Minutes of the November 6, 2020, Board Governance Committee Meeting – Open Session

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 02

Item 3 - Board Education Session: Practices of Effective Boards in the Time of COVID-19

Session: Open | Type: Informational | Presenter: Celia Huber, McKinsey & Company

Item 03Item 03 PowerPoint

Item 4 - Committee Structure Discussion

Session: Open | Type: Informational | Presenter: Amy McDuffee, Mosaic Governance Advisors / Melissa Norcia

Item 04

Item 5 - Review of Information Requests

Session: Open | Type: Informational | Presenter: Chairperson

Item 6 - Draft Agenda for Next Committee Meeting

Session: Open | Type: Informational | Presenter: Chairperson

Item 06

Item 7 - Opportunities for Statements from the Public

Session: Open | Type: Informational | Presenter: Chairperson

 

NOTE:  Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and observe but may not participate in the discussion of agenda items.

Regular Meeting - 10:00 a.m. (estimate) 

Item 1 - Approval of Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01

Item 2 - Public Comment Regulations

Session: Open | Type: Action | Presenter: Brian J. Bartow

Item 02

Item 3 - State and Federal Legislation

Session: Open | Type: Informational | Presenter: Joycelyn Martinez-Wade

Item 03

Item 4 - CalSTRS Path Forward: 2021 and Beyond - Revised

Session: Open | Type: Informational | Presenter: Cassandra Lichnock

Item 04

Item 5 - Chief Executive Officer Report

Session: Open | Type: Informational | Presenter: Jack Ehnes

Item 05

Item 6a - Committee Reports 1) Investment Committee 2) Appeals Committee 3) Audits and Risk Management Committee 4) Benefits and Services Committee 5) Board Governance

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 6b - Approval of Minutes of the December 9, 2020, Regular Meeting – Open Session

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 06b

Item 6c - Board Member Education - Revised

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 06c

Item 6d - Contracts Requiring Board Approval

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 06d

Item 6e - Pension Solution Project Report

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 06e

Item 7 - Items Referred by Committee for Board Decision

Session: Open | Type: Informational | Presenter: Chairperson

Item 8 - New Business / Review of Information Requests

Session: Open | Type: Informational | Presenter: Chairperson

Item 9 - Draft Agenda for Next Meeting

Session: Open | Type: Informational | Presenter: Chairperson

Item 09

Item 10 - Opportunity for Statements from the Public

Session: Open | Type: Informational | Presenter: Chairperson


Item 11 - Approval of Minutes of the November 5, 2020, Regular Meeting – Closed Session (Gov. Code, sec. 11126)

Session: Closed | Type: Consent/Action | Presenter: Chairperson

Item 12 - Committee Reports (Gov. Code, Sec. 11126) - a. Investment Committee b. Appeals Committee

Session: Closed | Type: Consent/Information | Presenter: Chairperson

Item 13 - Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g))

Session: Closed | Type: Informational | Presenter: Jack Ehnes

Item 14 - Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))

Session: Closed | Type: Informational | Presenter: Brian J. Bartow

 

NOTE:  Items designated for information are appropriate for board action if the board wishes to take action. Agenda items may be taken out of order with the approval of the Chairperson.

Investment Committee (continued) - 1:00 p.m. (estimate) 

Item 18 - Chief Investment Officer’s Report – Open Session – Low Interest Rate and Low Return Future

Session: Open | Type: Informational | Presenter: Christopher Ailman and Meketa

Item 18Item 18 PowerPoint

Item 19 - Collaborative Model – Pillar Status Report

Session: Open | Type: Informational | Presenter: Scott Chan and Lisa Blatnick

Item 19Item 19 PowerPoint

 

NOTE:  Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and observe but may not participate in the discussion of agenda items.