Investment Committee Application 2020

Investment Committee Application

TERM OF SERVICE:

There are 2 two-year open positions for the Investment Committee: The League year is June 1 - May 31, and the available Investment Committee positions will serve a term starting June 1, 2020 and expiring on May 31, 2022.

 

Agreement and Signature:

By submitting this application, I affirm that the facts set forth in it are true and complete. I understand that if I am appointed as a member of the Investment Committee, any false statements, omissions, or other misrepresentations made by me on this application may result in my immediate dismissal.

Time Commitment:

The Investment Committee will meet semi-annually or more frequently if circumstances require. At least one meeting shall include a presentation by the League’s Investment Advisor(s), and the Committee will report to the JLTW Board of Directors at least annually. Those members of the Committee who are appointed by the JLTW Board of Directors through this application process will serve a term completing on May 31, 2022. In each subsequent year two new members will be appointed by the Board, and the term for all future appointees will be two years.

Committee Structure:

The Committee shall consist of the Finance Vice President, President, President-Elect and Finance Chair. Four other JLTW members or non-League members with investment knowledge and experience will be appointed by the Board of Directors annually in June and will serve staggered two-year terms coinciding with the Junior League year. A majority of the Investment Committee shall be League members.

Committee Duties:

  1. The Committee shall hold semi-annual meetings and meet more frequently as circumstances require. At least one meeting shall include a presentation by the Investment Advisor(s).
  2. The Committee must maintain minutes and provide report(s) to the Board of Directors at least annually. The Finance Chair shall be responsible for recording minutes at all Investment Committee meetings.
  3. All members must create and understand all JLTW investment goals.
  4. The Finance Vice-President shall make recommendations of all JLTW investment decisions to the Board of Directors for approval.
  5. The Finance Vice-President shall create, annually review, and revise the Investment Policy Statement(s), to be approved by the Board of Directors.
  6. Members must recommend the selection of Investment Advisor(s) and custodian(s) for the Portfolio(s) for approval by the Board of Directors.
  7. The Committee shall monitor the performance of an Investment Advisor (s) in accordance with the Investment Policy Statement(s).
  8. The Committee shall conduct a review of fees incurred by or on behalf of the Portfolio(s).
  9. The Finance Vice-President should keep a maintenance of records regarding the Portfolio(s) and actions of the committee.
  10. The Committee should create, annually review and revise the Gift Acceptance Policy, to be approved by the Board of Directors.
  11. The Committee shall recommend to the Board of Directors the acceptance of gifts made to JLTW.

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