Ill. Admin. Code tit. 80 § 1650.3045

Current through Register Vol. 48, No. 25, June 21, 2024

Section 1650.3045 - Evaluation by Investment Committee

a) The Investment Committee ensures that the decision and process to hire a particular investment manager or consultant, or to approve a specific investment, is well-reasoned, thoroughly considered and prudent.

b) The Investment Committee may review written supporting documentation to assure the greatest possible disclosure of all relevant issues; that the search process, investment sourcing and related due diligence was fair; and that the screening process was consistently applied.

c) Upon approval by the Investment Committee, any recommendation to hire a particular investment manager or consultant, or to approve a specific investment, is submitted to the Board for decision.

Ill. Admin. Code tit. 80, § 1650.3045

Added at 34 Ill. Reg. 7787, effective May 21, 2010

Amended at 42 Ill. Reg. 13666, effective 6/29/2018