Board approves keeping manager-concentration limits in the investment policy statement after governance debate Trustees debated whether manager implementation limits should belong in staff procedures or remain in the board-controlled investment policy statement (IPS). After discussion and a recommendation from Aon, the board voted to retain the limits in the IPS and asked staff and counsel to clean up the draft language.

In a decisive move, the board voted to keep critical manager-concentration limits within their investment policy statement, reinforcing their oversight amid governance debates.

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