Performance, Compensation & Talent Management Committee Agenda - June 18, 2025

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 18, 2025

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 18, 2025, Performance, Compensation & Talent Management Committee Timed Agenda (PDF)
      2. Approval of the April 14, 2025, Performance, Compensation & Talent Management Committee Meeting Minutes (PDF)
   4. Information Consent ItemsDoug Hoffner
      1. Annual Calendar Review (PDF)
      2. Draft Agenda for the September 16, 2025, Performance, Compensation & Talent Management Committee Meeting (PDF)
   5. Action Agenda Items
      1. Annual Review: 2025-26 Incentive Metrics and Compensation Policy Updates (PDF) Michelle Tucker; Global Governance Advisors
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
      2. 2025-26 Incentive Plan of the Chief Executive Officer (PDF) Michelle Tucker; Global Governance Advisors
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      3. Compensation Review and Recommendations for Statutory Positions (PDF) Michelle Tucker; Global Governance Advisors
         1. Attachment 1 (PDF)
   6. Summary of Committee Direction Doug Hoffner
   7. Public Comment
   8. Adjournment of Meeting