Time

Item #

Agenda Item

Begin

End

  8:30 a.m.

  8:35 a.m.

1

Convene in Open Session

Call to Order/Discussion and Appropriate Action Related to Minutes of November 8, 2011 Meeting*

 8:35 a.m.

  8:40 a.m.

2

Discussion and Appropriate Action Related to Corporate Resolutions:

- Designation of Annual Meeting of the UTIMCO Board*

- Resolution of Appreciation*

  8:40 a.m.

  9:40 a.m.

3

Endowment and Operating Funds Update Report

  9:40 a.m.

10:10 a.m.

4

Less Correlated and Constrained Review

10:10 a.m.

10:30 a.m.

5

Executive Session:

Pursuant to Section 551.074, Texas Government Code, the Board of Directors will convene in Executive Session to Consider Individual Personnel Compensation Matters related to CEO and Chief Investment Officer Offer of Employment

Reconvene into Open Session

Report on and Discussion and Appropriate Action Related to Items from Compensation Committee:

-    UTIMCO Compensation Program

-     CEO and Chief Investment Officer Offer of Employment*

10:30 a.m.

12:00 p.m.

Recess for Briefing Session pursuant to Texas Education Code Section 66.08(h)(2) related to Investments

12:00 p.m.

12:30 p.m.

Lunch

12:30 p.m.

12:45 p.m.

6

Report from Risk Committee

12:45 p.m.

1:00 p.m.

7

Report on and Discussion and Appropriate Action Related to Items from Audit and Ethics Committee: 

-  Audit of UTIMCO Financial Statements*

 1:00 p.m.

 1:30 p.m.

8

Peer Analysis

  1:30 p.m.

1:40 p.m.

9

UTIMCO Organization Update

  1:40 p.m.

2:00 p.m.

10

Information Technology Review

  2:00 p.m.

 2:10 p.m.

11

Discussion and Appropriate Action Related to Cambridge Contract Renewal*

  2:10 p.m.

 3:00 p.m.

12

Discussion of Investment Environment and Opportunities

  3:00 p.m.

Adjourn