Performance, Compensation & Talent Management Committee Agenda June 15, 2022

This committee oversees compensation mechanisms and criteria, and the hiring, termination, compensation and long-term succession planning of key personnel.

(Agenda items are provided in a PDF format, which require Adobe Reader 8 or higher to view.)

Items designated for Information are appropriate for Committee Action if the Committee wishes to take action. Any Agenda Item from a properly noticed Committee meeting may be considered by the Board at a subsequent Board meeting. The hour designated as the earliest starting time for this meeting is not intended to communicate the expected duration (or ending time) of the preceding meeting. Public comment may be taken on agenda items in accordance with applicable law. There is a three-minute limitation on public comment, unless otherwise directed by the Presiding Officer. (Cal. Code Regs. tit 2, § 552.1.) Members of the public may provide public comment via telephone by calling (800) 259-4105. Board members may attend meetings of committees of which they are not members and participate in the discussions during those meetings.

June 15, 2022

View June 15, 2022 Performance, Compensation & Talent Management Committee Open Session Meeting Transcript (PDF)

Open Session

9:00 a.m.

1. Item
   1. Call to Order and Roll Call (PDF)
   2. Executive Report (Verbal Report)Doug Hoffner
   3. Action Consent ItemsDoug Hoffner
      1. Approval of the June 15, 2022 Performance, Compensation & Talent Management Committee Timed Agenda (PDF) (Verbal Report)
      2. Approval of the April 19, 2022 Performance, Compensation & Talent Management Committee Meeting Minutes (PDF)
   4. Information Consent ItemsDoug Hoffner
      1. Annual Calendar Review (PDF)
      2. Draft Agenda for the June 14, 2022 Performance, Compensation & Talent Management Committee Meeting (PDF)
   5. Action Agenda Items
      1. Review of Board’s Compensation Policy for Executive and Investment Management Positions Michelle Tucker; Global Governance Advisors
         1. Attachment A (PDF)
         2. Attachment B (PDF)
         3. Attachment C (PDF)
      2. Compensation Review and Recommendations for Statutory Positions Michelle Tucker; Global Governance Advisors
         1. Attachment A
      3. Annual Review: 2022-23 Incentive Metrics (PDF) Michelle Tucker; Global Governance Advisors
         1. Attachment A (PDF)
         2. Attachment B (PDF)
      4. 2022-23 Incentive Plan of the Chief Executive Officer Michelle Tucker; Global Governance Advisors
         1. Attachment A (PDF)
         2. Attachment B (PDF)
   6. Information Agenda Items
      1. Summary of Committee Direction (Verbal Report)Doug Hoffner
      2. Public Comment