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
Item 1 - Approval of Committee Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 01Item 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 03Item 4 - Sustainable Investment & Stewardship Strategies – Stewardship Priorities
Session: Open | Type: Informational | Presenter: Chairperson
Item 04Item 5 - Sustainable Investment & Stewardship Strategies – Corporate Governance Principles Update
Session: Open | Type: Informational | Presenter: Chairperson
Item 05Item 6 - Adoption of Global Investment Performance Standards
Session: Open | Type: Consent/Information | Presenter: Chairperson
Item 06Item 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 PowerPointItem 8 - Investment Insight Speaker – China Risk and Opportunities
Session: Open | Type: Informational | Presenter: Kewsong Lee, Carlyle Group
Item 08Item 08 PowerPointItem 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 10Item 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
Item 1 - Approval of Committee Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 01Item 2 - Approval of Minutes of the November 6, 2020, Board Governance Committee Meeting – Open Session
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 02Item 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 PowerPointItem 4 - Committee Structure Discussion
Session: Open | Type: Informational | Presenter: Amy McDuffee, Mosaic Governance Advisors / Melissa Norcia
Item 04Item 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 06Item 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.
Item 1 - Approval of Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 01Item 2 - Public Comment Regulations
Session: Open | Type: Action | Presenter: Brian J. Bartow
Item 02Item 3 - State and Federal Legislation
Session: Open | Type: Informational | Presenter: Joycelyn Martinez-Wade
Item 03Item 4 - CalSTRS Path Forward: 2021 and Beyond - Revised
Session: Open | Type: Informational | Presenter: Cassandra Lichnock
Item 04Item 5 - Chief Executive Officer Report
Session: Open | Type: Informational | Presenter: Jack Ehnes
Item 05Item 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 06bItem 6c - Board Member Education - Revised
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 06cItem 6d - Contracts Requiring Board Approval
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 06dItem 6e - Pension Solution Project Report
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 06eItem 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 09Item 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.
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 PowerPointItem 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.