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Rules of Business Practice for the 2005–2010 USP Board of Trustees

10. Investment Committee

10.01 Composition

The Investment Committee shall be appointed by the Chairperson and shall be composed of at least two members of the Board, one of whom shall be the Treasurer. The Treasurer shall serve as chairperson of the Investment Committee.

10.02 Functions

The Investment Committee shall be responsible for oversight of the organization's investment policy and performance of the investment portfolio, and shall work with staff and any outside financial advisor(s) to:

  1. Develop and recommend to the Board investment policies and asset allocation guidelines that will maintain a sufficient reserve and maximize the return on the reserve based on an acceptable level of investment risk and expected short/long term needs;
  2. Monitor the performance of the portfolio, and provide to the Board a quarterly review of portfolio performance;
  3. Recommend to the Board the engagement or change in the engagement of an outside financial advisor; and
  4. Conduct at least annually a full investment policy review with the Board.