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CalSTRS governance RFP launched; staff aim for finalist interviews in January

California State Teachers Retirement System Board Governance Committee · September 12, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

CalSTRS released an RFP for a governance consultant, expecting a month for bids, evaluations in late October, finalist interviews for the committee in January and a five‑year contract in place by May 2026; staff also completed a board education cycle with mentorship and a virtual library.

CalSTRS staff told the Board Governance Committee that the system has released a request for proposals for a governance consultant and expects the procurement process to run through late 2025, with finalist interviews by this committee scheduled for January and an anticipated contract in place by May 2026.

Bridal said the RFP period will be about a month, with evaluations targeted in late October and finalist interviews with this committee in January; the goal is "to have a contract in place by May 2026" and to award a five‑year contract. He noted the item will appear on a draft agenda for the January meeting when finalist interviews are expected.

In the general counsel and education updates, Bridal reported no ministerial changes to the governance manual since the last meeting and reiterated a five‑year review cadence for policies. Amy presented the board education update, saying the most recent cycle was complete: the committee added a mentorship framework, a virtual library and education pathways. Amy thanked staff including Cassandra and Daniel Fong and noted a planned review in approximately three years.