Performance, Compensation & Talent Management Committee Agenda - June 12, 2024

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 Government Code section 11123.2 (added by Stats. 2023, ch. 216, § 1), Board members may participate remotely via teleconference.

June 12, 2024

View June 12, 2024 Performance, Compensation & Talent Management Committee Open Session Meeting Transcript (PDF)

Open Session

9:15 a.m.
Or upon adjournment of the Risk and Audit Committee Meeting – Whichever is later

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 12, 2024 Performance, Compensation & Talent Management Committee Timed Agenda (PDF)
      2. Approval of the April 15, 2024 Performance, Compensation & Talent Management Committee Meeting Minutes (PDF)
   4. Information Consent ItemsDoug Hoffner
      1. Annual Calendar Review (PDF)
      2. Draft Agenda for the September 17, 2024 Performance, Compensation & Talent Management Committee Meeting (PDF)
   5. Action Agenda Items
      1. Annual Review: 2024-25 Incentive Metrics Michelle Tucker; Global Governance Advisors
         1. Attachment 1 (PDF)
      2. 2024-25 Incentive Plan of the Chief Executive Officer Michelle Tucker; Global Governance Advisors
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      3. Request for Proposal for the Board’s Primary Executive and Investment Compensation Consultant Michelle Tucker
         1. Attachment 1 (PDF)
   6. Summary of Committee Direction (Verbal Report)Doug Hoffner
   7. Public Comment
   8. Adjournment of Meeting