This page and related links last reviewed on November 3, 2007
Charge: To provide guidance to the
Finance Committee in matters related to College investments through the
periodic review of investment policies and results, the selection of an
investment consultant and investment managers, and ensuring that decisions
made by investment managers conform to CAP investment policy.
Number of face-to-face meetings: 2
Length of each meeting: 1 day each
Typical meeting days of the week: Thursday or Friday
Location of meetings: Destinations that are within
one hour driving distance from the airport. Committee prefers to meet
in January, June and September. The September meeting meets in conjunction
with the CAP annual meeting.
Number of conference calls: 4 or 5
calls per year
Hours of committee work required outside of
Member: To review the agenda materials, 2 hours prior to the
meeting depending on the topic; 1 hour prior to each conference call
Vice Chair: To review the agenda materials, 2 hours prior to the meeting
depending on the topic; 1 hour prior to each conference call
Chair: To review the agenda materials, 2 hours prior to the meeting depending
on the topic; 1 hour prior to each conference call
Additional travel or time commitments:
The committee chair is required to attend the CSA Leadership
meetings, which take place two times a year. Committee member attendance
at the CAP annual meeting is strongly encouraged. Attendance at AACC meetings.
The committee reviews the investment results each quarter
and evaluates the need for any changes to the allocation of the College’s
portfolio as recommended by the investment consultant. Meetings include
time to evaluate the performance of the managers employed by the College
and make recommendations to continue or terminate the relationship. The
committee dedicates effort to understand the changing investment opportunities
and the risk and reward of new investment sectors. Review the Investment
policy guidelines regularly and recommend changes. All actions of this
subcommittee need Finance Committee approval.
A basic understanding of investing is helpful.
Participation on this committee provides education
on investing and market.
Representation on committee beyond the CAP:
- An investment consultant employed by the College
attends all meetings and conference calls.