The Board has an Executive Committee that is empowered to act for the Board between meetings of the full Board regarding general supervision of TCF and to appoint the membership of the Governance Committee. The Chair and Vice Chair of the Board, the President of Commonfund, and the respective Chairs of the Governance, Compensation and Audit and Risk Management Committees constitute the membership of the Executive Committee. Click on the following link for the Executive Committee Charter.
Executive Committee Members:
Laurance R. Hoagland (Chair)
William N. Goetzmann (Vice Chair)
Frederick L.A. Grauer
David M. Barrett
Verne O. Sedlacek (ex officio)
The Board’s Audit and Risk Management Committee isresponsible for supervising the preparation of the financial statements of TCF and of its investment funds, for reviewing those statements and recommending them to the Board of Trustees. It is also responsible for nomination of the Commonfund organization’s independent auditors (subject to annual member ratification at the annual meeting), and for review of auditor activities. The Audit and Risk Management Committee is also responsible for reviewing the independent risk oversight function of the Commonfund organization. Click on the following link for the Audit and Risk Management Committee Charter.
Audit and Risk Management Committee Members:
William N. Goetzmann (Chair)
David M. Barrett
Frederick L.A. Grauer
Elizabeth Huidekoper
Robert R. Litterman
Charles J. Pippin
Bruce E. Zimmerman
Laurance R. Hoagland, Jr. (ex officio)
The Board's Compensation Committee is responsible for reviewing annually the President's performance and establishing his/her compensation. The Committee is also responsible for receiving and discussing the President's evaluation of the senior executive team; approving compensation arrangements of other administrative officers and such additional senior executives as it may determine; jointly with the Governance Committee, recommending to the Board the compensation to be paid to Trustees, including the Chair of the Board; and receiving periodic reports from the President on personnel issues. Click the following link for the
Compensation Committee Charter and
compensation philosophy.
Compensation Committee Members:
Frederick L.A. Grauer
(Chair)
Leslie E. Bains
Bradford K. Gallagher
William N. Goetzmann
Charles J. Pippin
Laurance R. Hoagland, Jr.
(ex officio)Verne O. Sedlacek (ex officio)
William E. Trueheart
The Board also has a Governance Committee, which nominates (for Board consideration) candidates to serve on the Compensation Committee, the Executive Committee and the Audit and Risk Management Committee. The Governance Committee nominates for member action candidates to stand for election as Trustees. In addition, the Governance Committee is responsible for conducting evaluations of the effectiveness of the Board and its Trustees (no less often than bi-annually), for resolving conflicts of interest, for, jointly with the Compensation Committee, recommending levels of Trustee compensation to the full Board, and for reviewing the governance structure and policies employed by the Board (including the Board’s “Governance Principles”). Click on the following link for the
Governance Committee Charter. Governance Committee Members:
David M. Barrett
(Chair)
Leslie E. Bains
Bradford K. Gallagher
Keith M. Schappert
Laurance R. Hoagland, Jr.
(ex officio)