Coordinate and assist with external audits and reviews of the board.
Monitor for compliance with applicable legal requirements and with the board's contractual agreements any bank, savings and loan association, savings bank or credit union with which the board has entered into a custodial agreement under s. 25.17 (11)
; any investment advisers with which the board has contracted to manage and control board assets under s. 25.18 (2) (e)
; and any other external parties with which the board has contracted to provide investment services to the board.
Chief investment officer.
Under the supervision of the executive director, the chief investment officer shall do all of the following:
Monitor activities of the investment directors for compliance with the board's investment policies and guidelines in investment decisions and approve unusual transactions, as defined by the board.
Develop and implement operating procedures that are intended to ensure that the investment policies and guidelines of the board are followed.
Ensure that investments are completely and accurately reported on all management and financial reports and that any information requested by the board is provided to the board on a timely basis.
History: 1995 a. 274
Powers and duties of board.
The "State of Wisconsin Investment Board" shall be a body corporate with power to sue and be sued in said name. The board shall have a seal with the words, "State of Wisconsin Investment Board". Subject to s. 25.183
, the board shall:
Have exclusive control of the investment and collection of the principal and interest of all moneys loaned or invested from any of the following funds:
State building trust fund (s. 25.30
), except for the purpose and extent of loans to the Wisconsin State Public Building Corporation, the Wisconsin University Building Corporation, and the Wisconsin State Colleges Building Corporation, which are subject to sub. (2) (b)
All other funds of the state or of any state department or institution, except funds which are required by specific provision of law to be controlled and invested by any other authority, and moneys in the University of Wisconsin trust funds, and in the trust funds of the state universities.