Board Smart® Hosts Webinar with CalPERS, INPRS
Board Smart® hosted a webinar on Thursday, May 20, 2021. Participants learned about innovative strategies CalPERS and Indiana PRS use to streamline, simplify, and improve reports and interactions with their boards. Click below for a replay.
Information overload for trustees is a growing issue for pension systems. In the interest of transparency, trustees are often overwhelmed with too much information. The challenge is to provide trustees with the most relevant and insightful information in a useful and understandable format, especially when it comes to performance and risk.
The Board Smart webinar enabled participants to hear from pension system leaders about exception reporting, balanced scorecards, dashboards, and other interactive tools used to strengthen board oversight while enabling the board to focus on the most important issues and decisions.
Webinar attendees learned about key concepts including:
Defining vital signs for retirement functions
Tracking expected performance versus actual performance
Setting tolerances of variability/risk
Using exception-based reporting
Speakers included:
Douglas Hoffner, Chief Operating Officer, CalPERS
Sabrina Hutchins, Chief, Enterprise Strategy and Performance, CalPERS
Steve Russo, Executive Director, Indiana PRS
Moderator: Rick Funston, Chief Executive Officer, Board Smart, and Funston Advisory Services