The Committee on INVESTMENT shall be responsible for the care and management of the money under investment by the Board. It shall recommend, to the Board, the appointment of a money manager and shall evaluate the performance of said money manager. It shall indicate the objectives of the Investment Portfolio i.e. protection of capital, maximization of income and growth of capital to the Money Manager and report the same to the Board. It shall establish a benchmark for minimum and maximum investment in cash and short term investments, bonds and equities. The Committee shall estimate income available for the budget and recommend appropriate policy to the Board regarding the same.
F&E Home Page