Board meeting - March 2021
Unless otherwise specified, meetings will be held at the following location:
Web Conference
***Public Meeting Notice***All meeting times are approximate depending upon the end of the previous meeting.
March 4, 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 January 27 and 28, 2021, Investment Committee Meeting – Open Session
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 03Item 4 - Sustainable Investment & Stewardship Strategies – Private Portfolio – Second Reading
Session: Open | Type: Action | Presenter: Kirsty Jenkinson
Item 04Item 04 PowerPointItem 5 - Risk Mitigating Strategies Policy Revision – First Reading
Session: Open | Type: Action | Presenter: Steven Tong
Item 05Item 05 PowerPointItem 6a - Open Session Semi Annual Performance Reports
Session: Open | Type: Informational | Presenter: Meketa Investment Group
a. Receive General Consultant – Semi-Annual Performance Report, Period Ending December 31, 2020
Item 06aItem 6b - Open Session Semi Annual Performance Reports
Session: Open | Type: Informational | Presenter: Robert Charles Lesser & Co.
b. Received Real Estate – Semi-Annual Performance Report, Period Ending September 30, 2020
Item 06bItem 06b PowerPointItem 6c - Open Session Semi Annual Performance Reports
Session: Open | Type: Informational | Presenter: Meketa Investment Group
c. Received Private Equity – Semi-Annual Performance Report, Period Ending September 30, 2020
Item 06cItem 06c PowerPointItem 7 - Chief Investment Officer’s Report – Open Session
Session: Open | Type: Informational | Presenter: Christopher Ailman
Item 07Item 07 PowerPointItem 8 - Review of Information Requests
Session: Open | Type: Informational | Presenter: Chairperson
Item 9 - Draft Agenda for Next Committee Meeting
Session: Open | Type: Informational | Presenter: Chairperson
Item 09Item 10 - Approval of Minutes of the January 27, 2021, Investment Committee Meeting – Closed Session (Gov. Code, sec 11126)
Session: Closed | Type: Consent/Action | Presenter: Chairperson
Item 11 - Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16))
Session: Closed | Type: Informational | Presenter: Investment Staff and Consultants
Item 12a - Closed Session Semi-Annual Performance Reports a. Received General Consultant – Semi-Annual Performance Report, Period Ending December 31, 2020 (Gov. Code, sec. 11126(c)(16))
Session: Closed | Type: Informational | Presenter: Meketa Investment Group
Item 12b - Closed Session Semi-Annual Performance Reports b. Receive Real Estate – Semi-Annual Performance Report, Period Ending September 30, 2020 (Gov. Code, sec. 11126(c)(16))
Session: Closed | Type: Informational | Presenter: Robert Charles Lesser & Co.
Item 12c - Closed Session Semi-Annual Performance Reports c. Receive Private Equity – Semi-Annual Performance Report, Period Ending September 30, 20120 (Gov. Code, sec. 11126(c)(16))
Session: Closed | Type: Informational | Presenter: Meketa Investment Group
Item 12d - Closed Session Semi-Annual Performance Reports d. Semi-Annual Report on Investment Manager Ratings (Gov. Code, sec. 11126(e))
Session: Closed | Type: Informational | Presenter: Investment Staff
Item 13 - 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.
March 5, 2021
Item 1 - Approval of Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 01Item 2 - State and Federal Legislation
Session: Open | Type: Action | Presenter: Joycelyn Martinez-Wade
Item 02Item 3 - Review Long-Term Incentive Plan Framework
Session: Open | Type: Informational | Presenter: Melissa Norcia / Luis Navas, Global Governance Advisors
Item 03Item 03 PowerPointItem 4 - Pension Solution Project Update
Item 04Session: Open | Type: Informational | Presenter: Prashant Mittal
Item 5 - Enterprise Risk Management Report
Session: Open | Type: Informational | Presenter: Julie Underwood / Phil Burkholder
Item 05Item 6 - Annual GRI Sustainability Report
Session: Open | Type: Informational | Presenter: Jack Ehnes / Cassandra Lichnock
Item 06Item 06 PowerPointItem 7 - Chief Executive Officer Report
Session: Open | Type: Informational | Presenter: Jack Ehnes
Item 07Item 8a - Committee Report 1) Investment Committee 2) Appeals Committee 3) Audits & Risk Managment Committee 4) Benefits & Services Committee 5)Board Governence Committee 6) Compensation Committee
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 8b - Adoption of the 2021-22 and 2022-23 Board Meeting Calendar
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 8bItem 8c - Approval of Minutes of the January 28, 2021, Regular Meeting Open Session
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 08cItem 8d - Board Member Education
Session: Open | Type: Consent/Information | Presenter: Chairperson
Item 08dItem 8e - Contracts Requiring Board Approval
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 08eItem 9 - Items Referred by Committee for Board Decision
Session: Open | Type: Informational | Presenter: Chairperson
Item 10 - New Business / Review of Information Requests
Session: Open | Type: Informational | Presenter: Chairperson
Item 11 - Draft Agenda for Next Meeting
Session: Open | Type: Informational | Presenter: Chairperson
Item 11Item 12 - Opportunity for Statements from the Public
Session: Open | Type: Informational | Presenter: Chairperson
Item 13 - Approval of Minutes of the January 28, 2021, Regular Meeting – Closed Session (Gov. Code, sec. 11126)
Session: Closed | Type: Consent/Action | Presenter: Chairperson
Item 14a - Committee Reports (Gov. Code, Sec. 11126) a. Investment Committee
Session: Closed | Type: Consent/Information | Presenter: Chairperson
Item 14b - Committee Reports (Gov. Code, Sec. 11126) b. Appeals Committee
Session: Closed | Type: Consent/Information | Presenter: Chairperson
Item 15 - Report on Cybersecurity (Gov. Code, sec. 11126 (c)(18)(A))
Session: Closed | Type: Informational | Presenter: Scott Tirapelle / Cindy Gage
Item 16 - Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g))
Session: Closed | Type: Informational | Presenter: Jack Ehnes
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 board action if the board wishes to take action. Agenda items may be taken out of order with the approval of the Chairperson.
Item 1 - Approval of Committee Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 01Item 2 - Approval of Minutes of the November 6, 2020, Audit and Risk Management Committee – Open Session
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 02Item 3 - Progress Report on the 2020 Independent Auditor’s Report on Internal Control Over Financial Reporting and Management Letter
Session: Open | Type: Consent/Information | Presenter: Chairperson
Item 03Item 4 - Financial Statement Audit Client Service Plan for FY 2020-21
Session: Open | Type: Informational | Presenter: Brenda Torres, Kevin Smith and Jen Aras, Crowe LLP
Item 04Item 04 PowerPointItem 5 - 2020 Internal Audit Plan Final Progress Report
Session: Open | Type: Informational | Presenter: Mike Dutil / Roseanne Oyoung
Item 05Item 05 PowerPointItem 6 - 2020 Enterprise Compliance Services Plan Final Progress Report
Session: Open | Type: Informational | Presenter: Cheryl Dietz
Item 06Item 06 PowerPointItem 7 - FY 2021-22 Meeting Work Plan
Session: Open | Type: Action | Presenter: Larry Jensen / Julie Underwood
Item 07Item 8 - Committee Education: Enterprise Compliance Risk Management – Achieving the Basics and Pathways to Best Practices
Session: Open | Type: Action | Presenter: Yvette Connor, Grant Thornton
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 - Opportunity 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.