Governance Consultant Services

The Vendor is required to provide governance consultant services for include:
- Governance structure, policy, and process
•    Perform a comprehensive review and assessment of the governance structure of the system, within the context of current best practices for fiduciary governance of a public pension system, evaluating governance features including:
o    The composition, structure, and roles and responsibilities of the board and senior leadership positions of the agency
o    The process for setting compensation and staffing levels by the board for positions with investment discretion; and 
o    The charters, policies, procedures, and practices governing the system.
•    Evaluate the adequacy of the laws, charters and policies concerning delineation of roles and responsibilities of the board, staff, investment managers, and others with administrative or oversight responsibilities.
•    Complete a thorough review of current system policies and charters, as well as relevant statute, within the context of current leading practices for fiduciaries governing a public pension plan.
•    Provide recommendations on improvements to the governance structure, policies and charters, or documentation thereof.
- Evaluations of board and staff
•    Draft and administer an annual board member self-evaluation, compile results, provide a summary report, and provide recommendations for performance improvement based on evaluation results.
•    The contractor shall attend one or more meetings of the board to introduce the self-evaluation and provide recommendations.
•    Advise the board on leading practices regarding performance evaluations for the executive director and chief investment officer.
•    If requested by the contract monitor, the contractor shall facilitate one or more annual performance evaluations of the executive director as required by board policy, in consultation with the administrative committee of the board.
- Board education
•    Work with the executive director, chief investment officer, board officers, and agency staff to develop a comprehensive board education plan.
•    Provide educational sessions for the board and staff as requested.
- Other
•    Subject to the findings of the governance structure review and recommendations, the contractor may assist the executive director and board in strategic planning.
•    The contractor may provide ongoing governance-related tasks as requested by the board, executive director, or chief investment officer. 
•    Other potential services: the agency is interested in other proposed services that respondents offer in areas related to board governance.