Board Committees

The Board has established committees of its members to implement the Investment Policy.  The Committees consist of the Audit, Investment, and Personnel and Governance Committees as described below:

Audit Committee

The Audit Committee’s primary objectives shall include:

  • Adopt and implement an Audit Charter for the BTI;
  • Provide oversight of the integrity of the financial statements;
  • Review the annual operating budget;
  • Ensure compliance with legal and regulatory requirements;
  • Oversee the performance of the internal audit function; and
  • Assess the performance of the external auditors, provide recommendations to the Board to engage or dismiss them, and monitor their qualifications and independence.

Audit Committee

Chairman:
Richard C. Donovan

Members:
Michael L. Glasser
John B. McCuskey

Investment Committee

The Investment Committee’s primary objectives include:

  • Evaluation, selection, and termination of the Investment Managers and Investment Consultant;
  • Regular review and revisions to the Investment Policy;
  • Investigate any reported investment problems or non-compliance;
  • Evaluation of investment results to ensure compliance with the Investment Policy and to determine success of investment activities; and
  • Other investment related issues as necessary for the prudent and cost effective investment of the Consolidated Fund.

Investment Committee

Chairman:
Dave Hardy

Members:
Michael L. Glasser
John D. Perdue
John B. McCuskey

Personnel and Governance Committee

The Personnel and Governance Committee’s primary objectives include:

  • Recommending staffing levels for the BTI;
  • Assuring the professional qualifications, of the Board and Staff, are maintained by providing educational programs;
  • Keeping the Board informed of current best practices in corporate governance;
  • Developing, reviewing and updating governance practices of the Board;
  • Assisting the Board in evaluating governance principles and practices;
  • Overseeing management transition and succession planning; and
  • Overseeing Board strategic planning.

Personnel and Governance Committee

Chairman:
John D. Perdue

Members:
Dave Hardy
John B. McCuskey
Richard C. Donovan
Michael L. Glasser
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