Purpose

To provide fiduciary oversight to the management of IDSA’s investment reserves and adherence to the Board-approved Investment Policy Statement (IPS).

Responsibilities

• Stay abreast of developments in the financial markets.
• Review performance results of investment portfolio.
• Discuss possible changes to the portfolio with IDSA’s investment advisors.
• Evaluate the performance of investment advisors and recommend changes to the Board of Directors.
• Monitor and propose changes to the Investment Policy Statement.
• Evaluate information materials and recommendations that should be provided to the Board of Directors.
• Ensure implementation of any portfolio changes.
• A commitment to ensuring that principles of inclusion, diversity, access and equity are applied throughout IDSA governance.

Ideal Qualifications

• Professional investment experience would be a plus, particularly at the institutional level among broadly diversified asset classes.
• Personal investment experience.
• Interest in economy and market dynamics, as they affect the investment community.

Number of Members

Maximum of five members. 

Composition

Chair, Vice Chair and up to five members.  IDSA Treasurer serves as the Board liaison.

Meeting Frequency

Meetings to be held quarterly, in the month after the end of each financial quarter.  The April, July and January meetings are held by phone, while the October meeting is held face-to-face at IDWeek.  Committee members may be asked to respond to email communications or hold additional phone meetings, as necessary.

Estimated Time Commitment

The three phone meetings will usually require 30 minutes of advance preparation.  The committee calls are one hour in length.  The October IDWeek meeting also requires similar advance preparation, but the meeting lasts for 2 hours. Any special calls to address specific issues or decisions will usually run between 30-60 minutes. 

Method of Appointment

The members shall be appointed by the Board of Directors with input from the President-elect in consultation with the CEO, committee chair, and staff liaison.

Term of Office

The Chair and Vice Chair shall serve for two years.  Reappointment for one additional, consecutive, one-year term is permissible.  Members shall serve three-year terms with no option for consecutive reappointment, although they can be selected for the Vice Chair or Chair role at any time during their term.  The expiration dates of the terms of the Committee members should be rotated so that the Committee maintains a historical experience of issues.

Accountability

Reports to Board of Directors

Staff Liaison

Vice President, Finance & Administration