Contractor shall develop and maintain a thorough working familiarity with state law, fiduciary standards, and restrictions generally applicable to TRS investments and investment policies, guidelines, and procedures. Contractor shall be a fiduciary to TRS in accordance with section E. Acknowledgement of Fiduciary Duty and with respect to the following services: 1. Investment Policies, Objectives, Asset Allocations, Corporate Governance, and Ethics and Compliance Matters 1.1 Contractor shall attend quarterly Board meetings and, if requested, interim Board meetings, legislative hearings, and conferences. 1.2 In accordance with the Board’s Policy Review Schedule, Contractor shall evaluate and report, including through written evaluation to the Board, on the appropriateness of Board investment policies, including objectives, portfolio characteristics, risk profile, suitability, and overall adequacy. Contractor's evaluation of TRS investment policies and any proposed amendments to such policies shall take into consideration provisions of Texas law relating to fiduciary responsibility, portfolio theory, and constraints on TRS investment authority, as well as TRS’ mission to invest trust assets for the exclusive benefit of Participants...
