Risk and Audit Committee

Oversees system soundness, enterprise risk management, internal and external audits, privacy and information security, ethics, compliance and other independent reassurance activities.

(Agenda items are provided in a PDF format, which require Adobe Reader 8 or higher to view.)

Meeting Agenda for February 18, 2020

View Open Session Meeting Transcript (PDF)

Open Session

1:00 p.m.
Or upon adjournment of the Performance, Compensation & Talent Management Committee – Whichever is later

1. Item
   1. Call to Order and Roll Call (PDF)
   2. Approval of the February 18, 2020 Risk & Audit Committee Timed Agenda (PDF)
   3. Election of the Risk & Audit Committee Chair and Vice Chair
   4. Executive Report (Oral Report)Marlene Timberlake D'Adamo
   5. Action Consent ItemsMarlene Timberlake D'Adamo
      1. Approval of the November 19, 2019 Risk & Audit Committee Meeting Minutes (PDF)
   6. Information Consent ItemsMarlene Timberlake D'Adamo
      1. Annual Calendar Review (PDF)
      2. Draft Agenda for the April 20, 2020 Risk & Audit Committee Meeting (PDF)
      3. Quarterly Status Report – Office of Audit Services (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
      4. Quarterly Status Report – Enterprise Risk Management (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      5. Quarterly Status Report – Enterprise Compliance Activity (PDF)
         1. Attachment 1 (PDF)
   7. Action Agenda Items
      1. Review of the Risk and Audit Committee Delegation (PDF)Marlene Timberlake D'Adamo
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
   8. Information Agenda Items
      1. Third-Party Valuation and Certification of the State and Schools Pension Plans as of June 30, 2018 (PDF)Beliz Chappuie
         1. Attachment 1 (PDF)
      2. 2019-20 Enterprise Compliance Mid-Year Plan Update (PDF)Marlene Timberlake D'Adamo
         1. Attachment 1 (PDF)
      3. 2019-20 Enterprise Risk Management Mid-Year Plan Update (PDF)Forrest Grimes
         1. Attachment 1 (PDF)
      4. Summary of Committee Direction (Oral Report)Marlene Timberlake D'Adamo
      5. 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
      1. Approval of the November 19, 2019 Risk & Audit Committee Meeting Minutes
   3. Information Agenda Items
      1. Personnel, Employment and Performance, Chief Compliance OfficerMarlene Timberlake D'Adamo
      2. Personnel, Employment and Performance, Chief AuditorBeliz Chappuie
      3. Personnel, Employment and Performance, Chief Risk OfficerForrest Grimes

Notes

1. 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, held immediately prior to this Board meeting, may be considered by the Board.
2. 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.
3. Public comment may be taken on any agenda item. There is a three-minute limitation on each public comment, unless otherwise directed by the Presiding Officer. (Cal. Code Regs. tit. 2, § 552.1.)
4. Board Members may attend meetings of committees of which they are not members and participate in the discussions during those meetings.