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    Investment Oversight Committee

    The Committee was established to assist the Treasurers and the Boards of the Association and its corporate affiliates with fulfilling their fiduciary responsibilities for the unitized corporate and staff investment portfolios and to provide general direction to the Treasurer/s in fulfilling his/her duties in managing these investment portfolios. The IOC makes recommendations relative to the establishment and updating of investment guidelines for these portfolios. It makes recommendations regarding the selection of investment advisors and shall review their performance against recognized market indices and established performance criteria. The IOC is responsible for overseeing the implementation of the investment strategy, consistent with the Board-approved guidelines. In the event of a major shift in the Association’s investment strategy, the IOC reports those developments to the APA Board of Trustees and the APAF Board of Directors at its next regularly scheduled meeting. The chair of the IOC will provide reports directly to the Board of Trustees. The IOC reports to the Finance and Budget Committee not less than twice a year.

    Term

    Three years; volunteer leaders will be eligible for reappointment for an additional three year term at the conclusion of their first term.

    Expected Time Commitment

    The Committee meets quarterly. The meeting duration is one to two hours and takes place via zoom. Members should expect to set time aside time about an hour or two prior to the meeting to review the materials sent in advance of the meeting.

    Desired Expertise

    Volunteers should ideally possess working knowledge in portfolio oversight and investment markets or areas related to investment finance.

    Responsibilities

    Provide guidance on the investment policy and investment allocations. They also monitor performance of investments portfolio against the current industry benchmark and investment policies.

    Additional Criteria

    Passionate volunteers with diversity in backgrounds and business views from varied perspective. An understanding of institutional investing of a 501 (C) (6) is preferred.

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