Risk and Audit Committee June 21, 2023

Oversees system soundness, enterprise risk management, internal and external audits, privacy and information security, ethics, compliance and other independent reassurance activities.

(Agenda items are provided in a PDF format, which require Adobe Reader 8 or higher to view.)

Items designated for Information are appropriate for Committee Action if the Committee wishes to take action. Any Agenda Item from a properly noticed Committee meeting may be considered by the Board at a subsequent Board meeting. The hour designated as the earliest starting time for this meeting is not intended to communicate the expected duration (or ending time) of the preceding meeting. Public comment may be taken on agenda items in accordance with applicable law. There is a three-minute limitation on public comment, unless otherwise directed by the Presiding Officer. (Cal. Code Regs. tit 2, § 552.1.) Members of the public may provide public comment via telephone by calling (800) 259-4105. Board members may attend meetings of committees of which they are not members and participate in the discussions during those meetings. In accordance with California Government Code section 11133 (added by Stats. 2021, ch. 165 § 2) and Executive Order N-1-22, Board members may participate via videoconference.

Meeting Agenda for June 21, 2023

View Open Session Meeting Transcript (PDF)

Open Session

10:00 a.m.
Or upon adjournment of the Pension and Health Benefits Committee Closed Session – Whichever is later

1. Item
   1. Call to Order and Roll Call
   2. Executive Report Kevin L. Fein
   3. Action Consent ItemsKevin L. Fein
      1. Approval of the June 21, 2023 Risk and Audit Committee Timed Agenda
      2. Approval of the Febuary 13, 2023 Risk and Audit Committee Meeting Minutes
   4. Information Consent ItemsKevin L. Fein
      1. Annual Calendar Review
      2. Draft Agenda for the September 19, 2023 Risk and Audit Committee Meeting
      3. Quarterly Status Report - Office of Audit Services
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      4. Status Report - Enterprise Risk Management
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      5. Status Report - Enterprise Compliance Activity
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
         4. Attachment 4 (PDF)
      6. External Audit Fees
   5. Action Agenda Items
      1. 2023-24 Enterprise Compliance and Risk Management PlansKevin L. Fein
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      2. 2023-24 Office of Audit Services PlanBeliz Chappuie
         1. Attachment 1 (PDF)
      3. Independent Auditor’s Annual PlanBeliz Chappuie
         1. Attachment 1 (PDF)
      4. Conflict of Interest Code AmendmentKevin L. Fein
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
   6. Information Agenda Items
      1. 2022-23 Annual Compliance ReportKevin L. Fein
         1. Attachment 1 (PDF)
      2. Summary of Committee Direction Kevin L. Fein
      3. Public Comment
   7. Approval to Meet in Closed Session Pursuant to Government Code Section 11126(c)(18)(A)Lisa Middleton

Closed Session

Upon Adjournment or Recess of Open Session (Government Code sections 11126(a)(1) and (g)(1))

1. Item
   1. Call to Order and Roll Call
   2. Action Consent Items Kevin L. Fein
      1. Approval of the Feburary 13, 2023 Risk and Audit Committee Closed Session Meeting Minutes
   3. Information Agenda Items
      1. Personnel, Employment and Performance, Chief Compliance Officer Kevin L. Fein
      2. Personnel, Employment and Performance, Chief AuditorBeliz Chappuie
   4. Information Security Update and Cybersecurity BriefingAl Arboleda

Open Session

Upon Adjournment or Closed Session

1. 1. Report out on Information Security Update and Cybersecurity Briefing
   2. Adjournment of Meeting