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NOTICE OF RESULTS
CITY OF PHOENIX EMPLOYEES’ RETIREMENT BOARD
INVESTMENT COMMITTEE

 

Pursuant to A.R.S. Section 38-431.02, notice is hereby given to the members of the CITY OF PHOENIX EMPLOYEES’ RETIREMENT BOARD, INVESTMENT COMMITTEE and to the general public, that the INVESTMENT COMMITTEE held a meeting open to the public on
November 18, 2009, at 9:00 a.m. located in Suite 600, Barrister Building, 101 S. Central Avenue, Phoenix, Arizona.  One or more members may participate via teleconference.

 

Notice is further given that a quorum of the City of Phoenix Employees’ Retirement Board may be in attendance at this meeting.  This meeting is not, however, a meeting of the City of Phoenix Employees’ Retirement Board.

 

The results of the meeting were as follows:

 

RESULTS
9:01	1.	Call to Order
Continued	2.	Review and Possible Action Regarding Recommendations Included in Ennis Knupp Comprehensive Review:
		a)	Review Frequency and Format of Proxy Reports Provided to the Board (See Ennis Knupp Report Page 3.13)
		Discussion and possible Committee action
Continued	3.	Review and Possible Action Regarding Considerations Included in Ennis Knupp Comprehensive Review:
		a)	Consider Acknowledging in the Proxy Policy that the Board has Considered the Cost Effectiveness of the Approach Utilized (See Ennis Knupp Report Page 3.13)
		Discussion and possible Committee Action
Recommend policy update	4.	Consideration of Possible Revisions in Excess Benefit Arrangement Investment Policy Statement
		Discussion and possible Committee action
No action	5.	Consideration of Commission Recapture Statements
		Discussion and possible Committee action
No action	6.	Consideration of Securities Lending Earnings Report
		Discussion and possible Committee action
No action	7.	Review of Class Action Filing Report (Prepared by State Street)
		Discussion and possible Committee action
No action	8.	Proxy Vote Summary Report
		a)	AXA Rosenberg – 3rd Quarter 2009
		b)	Cramer Rosenthal McGlynn – 3rd Quarter 2009
		c)	Eagle Asset Management – 3rd Quarter 2009
		d)	GMO Flexible Equities Fund – 3rd Quarter 2009
		e)	GMO International Intrinsic Value Fund – 3rd Quarter 2009
		f)	Northern Trust – 3rd Quarter 2009
		g)	Pyramis Emerging Markets Commingled Pool – 3rd Quarter 2009
		h)	Pyramis Global Advisors – International Growth Pool – 3rd Quarter 2009
		i)	The Boston Company – 3rd Quarter 2009
		Discussion and possible Committee action
No action	9.	Consideration Of Correspondence From Western Asset Management Regarding Downgrade of WAMU Asset Backed Certificates 2007
		Discussion and possible Committee Action
None	10.	Future Agenda Items
		Informational
No response	11.	Call to the Public
Info only	12.	Next Committee Meeting: Monday, December 7, 2009 – Barrister Building, 6th Floor, COPERS’ Conference Room
		Informational
9:34	13.	Close Session

 

For further information, please call Paula Whisel, Secretary III, Retirement Systems at 602-534-4400.

 

For reasonable accommodations, call Paula Whisel at Voice/602-534-4400 or TTY/602-534-5500 as early as possible to coordinate needed arrangements.

 

Printed: November 12, 2009