ARTICLE IX. COMMITTEES
||To amend Article IX. COMMITTEES to establish an investment committee to advise the Board of Directors on long-term investments.
||FCLB Board of Directors
Section 4. Investment Committee
A. Composition and Appointment
There shall be three (3) members on the Investment Committee, one of whom shall be the Treasurer and who shall select the Chair. Investment Committee members shall be appointed by the President with the input and approval of the Board of Directors. The term of the Investment Committee members shall be two (2) years.
The Investment Committee shall advise the Board of Directors on issues related to the Federation’s long-term investments to assure prudence and integrity in financial planning for economic stability. The Investment Committee shall recommend investment policies and financial strategies.
In the event of a vacancy on the Investment Committee, the President with the input and approval of the Board of Directors shall appoint a qualified individual to serve.
[the following sections will be renumbered]
Section 4 5. Ad-Hoc Committees
Section 5 6. Removal of Committee Members