Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Executive Session topic
No spam. Unsubscribe anytime.
RSIC enters executive session to discuss private investments and personnel; no action taken
Summary
The Retirement System Investment Commission voted June 4 to move into executive session to discuss private equity/co‑investment reviews, specified portions of the investment plan and personnel and legal counsel matters under South Carolina law; commissioners reported taking no action in closed session.
The Retirement System Investment Commission voted unanimously on June 4 to go into executive session to discuss investment matters, including comprehensive reviews of private equity and co‑investment portfolios, certain portions of the consolidated annual investment plan and statement of investment objectives and policies, personnel matters, and to receive legal advice under state statute.
A commissioner (Mike) read the motion citing South Carolina statutory authority: "pursuant to SC Code of Section 9‑16‑80 and 9‑16‑320 to discuss personnel matters and to receive advice from legal counsel pursuant to SC Code Section 30‑4‑70A1." The commission moved, seconded and voted to enter executive session.
After the closed session, the chair reported that the commission "took no action in executive session." The meeting concluded with a motion and unanimous voice vote to adjourn.
No formal votes or decisions on the private investments or personnel items were recorded in open session.
