Performance, Compensation & Talent Management Committee Agenda June 22, 2023

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. In accordance with California Government Code section 11133 (added by Stats. 2022, ch. 48, § 20), Board members may participate in this meeting via teleconference.

June 22, 2023

View June 22, 2023 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 (PDF)Doug Hoffner
   3. Action Consent ItemsDoug Hoffner
      1. Approval of the June 22, 2023 Performance, Compensation & Talent Management Committee Timed Agenda (PDF)
      2. Approval of the April 17, 2023 Performance, Compensation & Talent Management Committee Meeting Minutes (PDF)
   4. Information Consent ItemsDoug Hoffner
      1. Annual Calendar Review (PDF)
      2. Draft Agenda for the September 19, 2023 Performance, Compensation & Talent Management Committee Meeting (PDF)
      3. Revisions to Implement Previous Board Direction: Compensation Policy for Executive and Investment Management Positions (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
   5. Action Agenda Items Michelle Tucker; Global Governance Advisors
      1. Annual Review: 2023-24 Incentive Metrics
         1. Attachment 1 (PDF)
      2. 2023-24 Incentive Plan of the Chief Executive Officer
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      3. Revisions to the Board’s Compensation Policy for Executive and Investment Management Positions
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. PowerPoint (PDF)
   6. Summary of Committee Direction (Verbal Report)Doug Hoffner
   7. Public Comment
   8. Adjournment of Meeting