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Committee asks financial oversight group to set numeric targets and rewrite charter
Summary
Board members asked the financial oversight committee to draft a new charter and establish numeric triggers and targets (UAB, solvency ratio) for routine oversight; staff will return model charters and recommended targets for board consideration.
Members agreed the next step for several policy items is a deeper review by the financial oversight committee, which the group asked to prepare a charter and recommend measurable targets for regular oversight.
Jennifer, a board member, said the current draft lists metric labels but lacks numeric thresholds that would trigger board attention.…
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