Charge
The Committee has responsibility for the following with respect to investment policy:
- Initiate, secure approval, interpret and implement overall investment policy, including performance objectives.
- Oversee the asset allocation of the funds to ensure adherence to guidelines.
- Establish guidelines for rebalancing asset classes and manager allocation.
- Hire an investment consultant, if desired, or terminate the services of an investment consultant.
- Appoint one or more qualified investment managers and delegate to such investment managers the responsibility for implementing investment policy.
- Take its direction from the Board of Trustees to develop standards and implement practices designed to achieve and maintain the Association's leadership position in the socially responsible investing movement.
- Review the performance of the investment manager(s) to assure that objectives are being met, and that guidelines and procedures are being followed.
- Take appropriate action if objectives are not being met and if guidelines and procedures are not being followed.
- Report regularly to the Board of Trustees on all relevant matters, including investment performance.