Common use of Investment Reporting Clause in Contracts

Investment Reporting. Reports on investment performance, measured both against investment objectives and benchmarks for comparable investments shall be reviewed during each Foundation Board of Directors meeting. At least once every three years, the Foundation Finance Committee shall conduct a formal assessment the Investment Policy and the corresponding IEEE Foundation Investment Operations Manual to determine whether it is fulfilling the needs of the Foundation. The Foundation Finance Committee shall report the results and recommendation from its assessment to the Board of Directors for action.