State of Wisconsin
Investment Board
April 23, 2001
The Honorable, The Legislature:
Pursuant to ss.
25.17 (14r), Stats., I have attached copies of the SWIB's recently revised Investment Guidelines, the Risk Committee mandate and a summary of the changes.
This is the first extensive review of the Guidelines in a decade. The revisions were adopted after an extensive and in-depth review undertaken by Trustees and staff with the assistance of an outside consultant.
The revisions incorporate actions by the Board's Strategic Planning Committee modifying SWIB's management structure to follow more closely best practices used at top-performing pension funds. The changes also implement recommendations made by outside counsel and make the clear delineation between the role of Trustees as governing fiduciaries and staff as managing fiduciaries. Price Waterhouse had also suggested these changes a few years ago after their audit of the Private Placement Division.
We have marked substantive changes or new provision to the documents. If you have any questions or comments, please contact me.
Sincerely,
Patricia Lipton
Executive Director
__________________
The committee on Insurance, Tourism, and Transportation reports and recommends:
Relating to town mutual insurance.
No action taken.
Relating to privacy of personal information.
No action taken.
Roger Breske
Chairperson
__________________
for the Month of April 2001
A certificate of commendation by the Wisconsin Senate on the motion of Senator Rosenzweig, for Arbor Day, on the occasion of the recognition of Arbor Day and honor the City of Wauwatosa for receiving its nineteenth Tree City USA award.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Schultz, for the Avoca-Blue River-Muscoda Loins Club, on the occasion of 35 years of service to the Riverdale community.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Roessler, for Elario Banda, on the occasion of her 14 years of excellence in service to the Waupun Correctional Institution.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Erpenbach, for Matthew Bennett, on the occasion of receiving his Eagle Court of Honor Award.
S182
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Roessler, for Karen Bentz, on the occasion of her 25 years of excellence in service to the Waupun Correctional Institution.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Breske, for Alex Bontz, on the occasion of selflessly assisting in a traumatic situation and honoring him for his heroic and valorous actions.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Shibilski, for Boy Scout Troop 293, on the occasion of its 60th year.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Risser, for Peter Larson Brown, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Moen, for Fire Chief Ron Brown, on the occasion of his retirement after years of dedicated service as the Fire Chief in the City of Eau Claire.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Ellis, for Noah Buchen, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Breske, for Joanna Cable, on the occasion of selflessly assisting in a traumatic situation and honoring her for her heroic and valorous actions.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Risser, for Chad Christensen, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Roessler, for Betty Coerber, on the occasion of initiating the Adopt-A-Ship Program at Evans Elementary School in Fond du Lac that has been an educational experience for her students past, present and future.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Burke, for Columbia St. Mary's, on the occasion of it outstanding service to women with the Breast Health Center.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Burke, for James and Patricia Coorough, on the occasion of celebrating their 50th wedding anniversary.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Darling, for Claire Dahlman, on the occasion of earning and attaining the Girl Scout Gold Award.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Roessler, for Robert Daniels, on the occasion of his 30 years of excellence in service to the Waupun Correctional Institution.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Moore, for the Angela Davis Cop Watch and the Campaign against Racial Profiling, on the occasion of celebrating its 2nd anniversary.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Roessler, for Chief Mate Donald Davis, on the occasion of participating in the Adopt-A-Ship Program and sharing in the exciting educational experiences as a great role model for the students.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Erpenbach, for Joseph L. Davis, on the occasion of his retirement as the Executive Secretary for the Educational Approval Board.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Roessler, for Barb Deitte, on the occasion of her 25 years of commitment and service to Extendicare.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Risser, for David Scott Dettmann, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Risser, for Karl Robert Dettmann, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Panzer, for Michael J. Doll, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Roessler, for Jack Domann, on the occasion of his 6 years of excellence in service to the Waupun Correctional Institution.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Erpenbach, for Adam James Enerson, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Risser, for Stephen Erickson, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Ellis, for Elizabeth Fay, on the occasion of earning and attaining the Girl Scout Gold Award.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Hansen, for Joseph Ferguson, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Roessler, for the Fond du Lac YMCA, on the occasion of its century of devotion and commitment to the Fond du Lac community.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Ellis, for Jonathan Fox, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Darling, for Nathaniel Franklin, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Darling, for Amy Geier, on the occasion of earning and attaining the Girl Scout Gold Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Darling, for James Edward Goodwin, on the occasion of his 40 years of service to the village of Menomonee Falls.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Moore, for Mrs. Bessie M. Gray, on the occasion of her years of faithful service to the community and the accomplishments of the Bessie M. Gray Scholarship Fund.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Roessler, for Chief Mate Robert Gregersen, on the occasion of participating in the Adopt-A-Ship Program and sharing in the exciting educational experiences as a great role model for the students.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Ellis, for Heather Hayes, on the occasion of earning and attaining the rank of the Girl Scout Gold Award.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Ellis, for Sarah Heyerdahl, on the occasion of earning and attaining the Girl Scout Gold Award.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator George, for Mr. Rick Hill, on the occasion of his years of distinguished service to the community.
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A certificate of congratulations by the Wisconsin Senate on the motion of Senator Hansen, for Dorothy Hoopfer, on the occasion of the celebration of her 90th Birthday shared with family and friends.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Decker, for Paulus Hoppenworth, on the occasion of his 30 years of outstanding service to the town of Wien.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Ellis, for Andrew Hudak, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Roessler, for Mary Janssen, on the occasion of her 18 years of excellence in service to the Waupun Correctional Institution.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Decker, for Tyler R. Kaszubski, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of congratulations by the Wisconsin Legislature on the motion of Senator Fitzgerald, for Tommy Kempfer, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Erpenbach, for Brian Kersten, on the occasion of being named by the Association of Wisconsin School Administrators as the High School Principal of the Year.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Plache, for Pastor Lawrence Kirby, on the occasion of receiving the Seratoma Club of Racine 2001 service to Mankind Award.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator George, for James R. Klauser, on the occasion of receiving the Bundesverdienstkreuz award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Breske, for Jason Knudsen, on the occasion of selflessly assisting in a traumatic situation and honoring him for his heroic and valorous actions.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Decker, for Marcus Kollross, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Hansen, for Douglas Krejcarek, on the occasion of being awarded the Clayton J Smits Leadership Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Breske, for Geoff Kuczmarski, on the occasion of selflessly assisting in a traumatic situation and honoring him for his heroic and valorous actions.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Roessler, for Captain Warren Leback, on the occasion of participating in the Adopt-A-Ship Program and sharing in the exciting educational experiences as a great role model for the students.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Erpenbach, for Hans Lenzlinger, on the occasion of his years of dedication to his heritage and exquisite culinary specialities that have been enjoyed over the past 25 years.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Roessler, for Commander Douglas Lloyd, on the occasion of participating in the Adopt-A-Ship Program and sharing in the exciting educational experiences as a great role model for the students.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Shibilski, for Russell G. Lynch, on the occasion of being inducted posthumously into the Wisconsin Conservation Hall of Fame.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Ellis, for Emily Macdonald, on the occasion of earning and attaining the Girl Scout Gold Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Darling, for Ryan McKean, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Decker, for Clarence Miessner, on the occasion of his retirement after 42 years of distinguished service to the town of Wien.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Roessler, for Michael Moriwaki, on the occasion of his 24 years of excellence in service to the Waupun Correctional Institution.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Moen, for Christopher Morris, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Lasee, for Travis Nettekoven, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Ellis, for Christopher Nieuwenhuis, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator George, for Harry Oden, on the occasion of his retirement and faithful service to the Milwaukee Public Schools, alma mater and the many students lives he touched.
