Performance, Compensation & Talent Management Committee Agenda September 16, 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.

September 16, 2025

Access September 16, 2025 Performance, Compensation & Talent Management Committee Open Session Meeting Transcript (PDF)

Open Session

9:30 a.m.
Or upon adjournment of the Finance and Administration Committee Meeting – Whichever is later

1. Item
   1. Call to Order and Roll Call
   2. Executive Report Doug Hoffner 

   3. Action Consent Items Doug Hoffner 
      

      1. Approval of the September 16, 2025, Performance, Compensation & Talent Management Committee Timed Agenda
      2. Approval of the June 18, 2025, Performance, Compensation & Talent Management Committee Meeting Minutes

       

   4. Information Consent Items Doug Hoffner 
      

      1. Annual Calendar Review
      2. Draft Agenda for the November 2025, Performance, Compensation & Talent Management Committee Meeting 

       

   5. Summary of Committee Direction Doug Hoffner
   6. Public Comment

Closed Session

Upon adjournment or recess of Open Session (Government Code sections 11126(a)(1) and (g)(1))

1. Item
   1. Call to Order and Roll Call

   2. Action Consent Items Michelle Tucker  

      1. Approval of the February 18, 2025, Performance, Compensation & Talent Management Committee Closed Session Meeting Minutes Michelle Tucker

       

   3. Information Agenda Items

      1. Chief Executive Officer’s Report of 2024-25 Performance: Executive and Investment Management Positions Marcie Frost 

       

   4. Action Agenda Items
      1. Chief Executive Officer’s 2024-25 Performance Evaluation Michelle Tucker; Global Governance Advisors 

Open Session

Upon Adjournment of Closed Session.

1. Item
   7. Adjournment of Meeting