(a) Investment policy. The investment committee shall prepare and submit a proposed investment policy, and any proposed amendments to the investment policy, to the Board for approval.
(b) Committee to advise and make recommendations to Board. The investment committee shall advise the Board and make recommendations on the investment program of the assets of the System; compliance of the investment programs with the investment policy; and external investment managers and advisers and their duties.
(c) Other duties. By resolution, the Board shall specify the other duties of the investment committee.
(1985 Code, Art. 7, § 2-206) (Bill No. 88-96; Bill No. 90-01)