(As approved by the Board of Trustees in May 1996, amended March 2001, December 2006, March 2012, May 2013, May 2014)
The Investment Committee is responsible for recommending Board non-pension investment policy, monitoring the performance of the University's non-pension investments and overseeing the financial health, administration and governance of the University's non-pension invested assets.
The Investment Committee has delegated authority from the Board of Trustees to terminate any Investment Manager whose strategy and/or performance does not meet the objectives established by the Committee, and the delegated authority from the Board of Trustees to hire Investment Managers to manage investment funds. Such decisions shall be communicated to the Board of Trustees at the next meeting of the Board.
The only ex officio members of the Investment Committee shall be the Chair of the Board, the Chancellor, the Principal and the Vice-Principal (Finance and Administration).
The majority of the membership need not be Trustees; the membership shall include at least three Trustees.
Notwithstanding Section 3 of By-law No.2, a quorum of the Investment Committee shall be a majority of the appointed (non ex officio) members.
The Committee shall meet quarterly, and at such times and places as it deems advisable.
|J. Leech||Ex Officio|
|D. Woolf||Ex Officio|
|B. Palk||Ex Officio|
|C. Davis||Ex Officio|
Chair: D. Raymond
Vice-Chair: J. Keohane
Secretary: B. O'Neill