Board Consultant Review & Evaluation Project Results FY ... · Board Consultant Review & Evaluation...
81
Agenda Item 7a, Attachment 1, Page 1 of 81 Board Consultant Review & Evaluation Project Results – FY 2016-17 Wilshire Associates, Inc. General Pension Investment Pension Consulting Alliance, Inc. Real Estate Investment StepStone Group, LP Infrastructure Investment Pension Consulting Alliance, Inc. General Investment & Responsible Contractor Program
Transcript of Board Consultant Review & Evaluation Project Results FY ... · Board Consultant Review & Evaluation...
Agenda Item 7a, Attachment 1, Page 1 of 81
Board Consultant Review & Evaluation Project Results – FY 2016-17
Wilshire Associates, Inc.
General Pension Investment
Pension Consulting Alliance, Inc.
Real Estate Investment
StepStone Group, LP
Infrastructure Investment
Pension Consulting Alliance, Inc. General Investment & Responsible Contractor Program
Agenda Item 7a, Attachment 1, Page 2 of 81
Project Scope
2
Board Consultant Review & Evaluation Report
• Review & evaluate investment consultants that report directly to the Board
- Wilshire Associates, Inc. (General Pension)
- Pension Consulting Alliance, Inc. (Real Estate)
- StepStone Group, LP (Infrastructure)
- Pension Consulting Alliance, Inc. (General Investment & Responsible Contractor Program)
Agenda Item 7a, Attachment 1, Page 3 of 81
Purpose
3
Board Consultant Review & Evaluation Report
• Objectively measure consultant performance in three key areas:
- Strategic Analysis and Recommendations
- Communication and Responsiveness
- Overall Performance
Agenda Item 7a, Attachment 1, Page 4 of 81
Methodology
4
Board Consultant Review & Evaluation Report
• Established 5-6 different performance measures for each key
area
• Utilized rating scale (1-5) for each measure
5=Very Satisfied
4=Satisfied
3=Neutral
2=Dissatisfied
1=Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 5 of 81
5
Board Consultant Review & Evaluation Report
Reviewers/Evaluators
• Board members evaluated consultants
Agenda Item 7a, Attachment 1, Page 6 of 81
6
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
Key Area 1:
Strategic Analysis & Recommendations
Agenda Item 7a, Attachment 1, Page 7 of 81
Strategic Analysis & Recommendations
7
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
55% 36%
9%
Q1: Accurately analyzes issues and provides timely and objective information
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 8 of 81
Strategic Analysis & Recommendations
8
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
27%
55%
18%
Q2: Makes clear and relevant recommendations re: policies and guidelines
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 9 of 81
Strategic Analysis & Recommendations
9
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
18%
37% 27%
18%
Q3: Recommends ways to control or reduce fees and costs
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 10 of 81
Strategic Analysis & Recommendations
10
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
37%
36%
18% 9%
Q4: Helps define appropriate risk parameters and identify mitigation strategies
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 11 of 81
Strategic Analysis & Recommendations
11
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
46%
36%
18%
Q5: Makes sound strategic recommendations on portfolio structure
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 12 of 81
12
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
Key Area 2:
Communications & Responsiveness
Agenda Item 7a, Attachment 1, Page 13 of 81
Communication & Responsiveness
13
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
9%
27%
55%
9%
Q6: Proactively identifies new investment ideas/approaches and brings them to Board's
attention
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 14 of 81
Communication & Responsiveness
14
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
36%
46%
18%
Q7: Produces high quality reports that are clear and accurate
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 15 of 81
Communication & Responsiveness
15
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
36%
46%
18%
Q8: Clearly and completely answers questions raised by the Board
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 16 of 81
Communication & Responsiveness
16
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
27%
55%
9% 9%
Q9: Identifies and communicates with the board on issues of strategic importance
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 17 of 81
Communication & Responsiveness
17
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
46%
27%
27%
Q10: Effectively evaluates and monitors relevant asset class/total fund developments
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 18 of 81
18
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
Key Area 3:
Overall Performance
Agenda Item 7a, Attachment 1, Page 19 of 81
Overall Performance
82%
9% 9%
Q11: Thoroughly understand CalPERS' objectives and constraints
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
19
Agenda Item 7a, Attachment 1, Page 20 of 81
Overall Performance
36%
46%
18%
Q12: Provides independent, unbiased insight and advice
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
20
Agenda Item 7a, Attachment 1, Page 21 of 81
Overall Performance
82%
18%
Q13: Acts with honesty, integrity, and competence
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
21
Agenda Item 7a, Attachment 1, Page 22 of 81
Overall Performance
64%
27% 9%
Q14: Works cooperatively to add value to CalPERS
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
22
Agenda Item 7a, Attachment 1, Page 23 of 81
Overall Performance
46% 45%
9%
Q15: Fulfills fiduciary responsibility
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
23
Agenda Item 7a, Attachment 1, Page 24 of 81
Overall Performance
37%
36%
9% 18%
Q16: Clearly understands it works for the Board and with CalPERS staff
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Board Consultant Review & Evaluation Report – Wilshire Associates, Inc. (General Pension)
24
Agenda Item 7a, Attachment 1, Page 25 of 81
25
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
Key Area 1:
Strategic Analysis & Recommendations
Agenda Item 7a, Attachment 1, Page 26 of 81
Strategic Analysis & Recommendations
26
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
27%
64%
9%
Q1: Accurately analyzes issues and provides timely and objective information
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 27 of 81
Strategic Analysis & Recommendations
27
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
45% 55%
Q2: Makes clear and relevant recommendations re: policies and guidelines
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 28 of 81
Strategic Analysis & Recommendations
28
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
9%
36% 46%
9%
Q3: Recommends ways to control or reduce fees and costs
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 29 of 81
Strategic Analysis & Recommendations
29
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
27%
55%
9% 9%
Q4: Helps define appropriate risk parameters and identify mitigation strategies
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 30 of 81
Strategic Analysis & Recommendations
30
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
9%
64%
27%
Q5: Makes sound strategic recommendations on portfolio structure
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 31 of 81
31
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
Key Area 2:
Communications & Responsiveness
Agenda Item 7a, Attachment 1, Page 32 of 81
Communication & Responsiveness
32
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
9% 27%
46%
18%
Q6: Proactively identifies new investment ideas/approaches and brings them to Board's
attention
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 33 of 81
Communication & Responsiveness
33
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
18%
64%
18%
Q7: Produces high quality reports that are clear and accurate
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 34 of 81
Communication & Responsiveness
34
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
55% 36%
9%
Q8: Clearly and completely answers questions raised by the Board
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 35 of 81
Communication & Responsiveness
35
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
36%
46%
18%
Q9: Identifies and communicates with the board on issues of strategic importance
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 36 of 81
Communication & Responsiveness
36
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
27%
55%
18%
Q10: Effectively evaluates and monitors relevant asset class/total fund developments
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 37 of 81
37
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
Key Area 3:
Overall Performance
Agenda Item 7a, Attachment 1, Page 38 of 81
Overall Performance
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
38
55% 36%
9%
Q11: Thoroughly understand CalPERS' objectives and constraints
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 39 of 81
Overall Performance
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
39
36%
46%
18%
Q12: Provides independent, unbiased insight and advice
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 40 of 81
Overall Performance
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
40
73%
27%
Q13: Acts with honesty, integrity, and competence
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 41 of 81
Overall Performance
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
41
55% 36%
9%
Q14: Works cooperatively to add value to CalPERS
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 42 of 81
Overall Performance
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
42
27%
64%
9%
Q15: Fulfills fiduciary responsibility
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 43 of 81
Overall Performance
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (Real Estate)
43
46%
36%
18%
Q16: Clearly understands it works for the Board and with CalPERS staff
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 44 of 81
44
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
Key Area 1:
Strategic Analysis & Recommendations
Agenda Item 7a, Attachment 1, Page 45 of 81
Strategic Analysis & Recommendations
45
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
9%
73%
18%
Q1: Accurately analyzes issues and provides timely and objective information
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 46 of 81
Strategic Analysis & Recommendations
46
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
9%
82%
9%
Q2: Makes clear and relevant recommendations re: policies and guidelines
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 47 of 81
Strategic Analysis & Recommendations
47
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
36%
46%
18%
Q3: Recommends ways to control or reduce fees and costs
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 48 of 81
Strategic Analysis & Recommendations
48
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
36%
55%
9%
Q4: Helps define appropriate risk parameters and identify mitigation strategies
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 49 of 81
Strategic Analysis & Recommendations
49
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
73%
27%
Q5: Makes sound strategic recommendations on portfolio structure
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 50 of 81
50
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
Key Area 2:
Communications & Responsiveness
Agenda Item 7a, Attachment 1, Page 51 of 81
Communication & Responsiveness
51
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
18%
73%
9%
Q6: Proactively identifies new investment ideas/approaches and brings them to Board's
attention
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 52 of 81
Communication & Responsiveness
52
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
18%
64%
18%
Q7: Produces high quality reports that are clear and accurate
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 53 of 81
Communication & Responsiveness
53
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
18%
64%
18%
Q8: Clearly and completely answers questions raised by the Board
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 54 of 81
Communication & Responsiveness
54
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
9%
64%
27%
Q9: Identifies and communicates with the board on issues of strategic importance
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 55 of 81
Communication & Responsiveness
55
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
9%
64%
18% 9%
Q10: Effectively evaluates and monitors relevant asset class/total fund developments
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 56 of 81
56
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
Key Area 3:
Overall Performance
Agenda Item 7a, Attachment 1, Page 57 of 81
Overall Performance
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
57
18%
64%
18%
Q11: Thoroughly understand CalPERS' objectives and constraints
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 58 of 81
Overall Performance
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
58
27%
55%
9% 9%
Q12: Provides independent, unbiased insight and advice
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 59 of 81
Overall Performance
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
59
36%
55%
9%
Q13: Acts with honesty, integrity, and competence
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 60 of 81
Overall Performance
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
60
46%
36%
18%
Q14: Works cooperatively to add value to CalPERS
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 61 of 81
Overall Performance
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
61
18%
64%
18%
Q15: Fulfills fiduciary responsibility
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 62 of 81
Overall Performance
Board Consultant Review & Evaluation Report – StepStone Group, LP (Infrastructure)
62
18%
46%
18%
18%
Q16: Clearly understands it works for the Board and with CalPERS staff
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 63 of 81
63
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
Key Area 1:
Strategic Analysis & Recommendations
Agenda Item 7a, Attachment 1, Page 64 of 81
Strategic Analysis & Recommendations
64
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
9%
82%
9%
Q1: Accurately analyzes issues and provides timely and objective information
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 65 of 81
Strategic Analysis & Recommendations
65
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
46%
36%
18%
Q2: Makes clear and relevant recommendations re: policies and guidelines
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 66 of 81
Strategic Analysis & Recommendations
66
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
9% 27%
46%
18%
Q3: Recommends ways to control or reduce fees and costs
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 67 of 81
Strategic Analysis & Recommendations
67
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
18%
73%
9%
Q4: Helps define appropriate risk parameters and identify mitigation strategies
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 68 of 81
Strategic Analysis & Recommendations
68
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
9%
64%
27%
Q5: Makes sound strategic recommendations on portfolio structure
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 69 of 81
69
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
Key Area 2:
Communications & Responsiveness
Agenda Item 7a, Attachment 1, Page 70 of 81
Communication & Responsiveness
70
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
18%
28% 27%
27%
Q6: Proactively identifies new investment ideas/approaches and brings them to Board's
attention
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 71 of 81
Communication & Responsiveness
71
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
18%
73%
9%
Q7: Produces high quality reports that are clear and accurate
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 72 of 81
Communication & Responsiveness
72
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
36%
55%
9%
Q8: Clearly and completely answers questions raised by the Board
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 73 of 81
Communication & Responsiveness
73
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
36%
46%
18%
Q9: Identifies and communicates with the board on issues of strategic importance
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 74 of 81
Communication & Responsiveness
74
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
27%
55%
18%
Q10: Effectively evaluates and monitors relevant asset class/total fund developments
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 75 of 81
75
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
Key Area 3:
Overall Performance
Agenda Item 7a, Attachment 1, Page 76 of 81
Overall Performance
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
76
73%
18% 9%
Q11: Thoroughly understand CalPERS' objectives and constraints
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 77 of 81
Overall Performance
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
77
55% 27%
9% 9%
Q12: Provides independent, unbiased insight and advice
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 78 of 81
Overall Performance
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
78
64%
36%
Q13: Acts with honesty, integrity, and competence
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 79 of 81
Overall Performance
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
79
46% 45%
9%
Q14: Works cooperatively to add value to CalPERS
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 80 of 81
Overall Performance
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
80
18%
73%
9%
Q15: Fulfills fiduciary responsibility
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
Agenda Item 7a, Attachment 1, Page 81 of 81
Overall Performance
81
Board Consultant Review & Evaluation Report – Pension Consulting Alliance, Inc. (General Investment & Responsible
Contractor Program)
46%
36%
18%
Q16: Clearly understands it works for the Board and with CalPERS staff
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
