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Finance and Audit Committee Meeting

March 21, 2011
12:00 PM - 03:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206

Agenda

1.

a.  Call to order Executive Session

C. Karnei

12:00pm

 

 

b.  Announce proxies

C. Karnei

12:00pm

 

c.  Approve executive session minutes (2/14/11)

C. Karnei

12:01pm

 

2.

a.  Internal Audit status report

B. Wullenjohn

12:02pm

 

b.  Discussion of Internal Audit goals for 2011

B. Wullenjohn

12:05pm

 

c.  Review Internal Audit Department Charter

B. Wullenjohn

12:15pm

 

d.  EthicsPoint update

B. Wullenjohn

12:20pm

 

e.  Chief Audit Executive Compensation

T. Doggett

12:30pm

 

3.

Personnel, Contract, Security, Compliance and Risk Management Matters

C. Karnei

12:40pm

 

 

Recess Executive Session

 

 

 

 

Convene General Session

 

 

 

4.

Approve general session minutes (2/14/11)

C. Karnei

1:05pm

 

5.

Committee approval of Internal Audit Department Charter

C. Karnei

1:06pm

 

6.

Review and recommend Board approval of the Finance and Audit Committee Charter

C. Karnei

1:10pm

 

7.

Review and recommend Board acceptance of SAS 70 Type I Audit Report

C. Moseley

1:15pm

 

8.

Annual review and recommendation of Board approval of

 

1:25pm

 

(a) Investment Corporate Standard

C. Yager

 

(b) Financial Corporate Standard

L. Swanson

 

 

9.

Annual review and recommendation of Board approval of Market Credit Risk Corporate Standard

C. Yager

1:35pm

 

10.

Committee approval of Credit Work Group Charter

T. Nikazm

1:50pm

 

11.

Discuss Credit management practices and judgments

C. Yager   /      M. Ruane

2:00pm

 

(a)  Specifically relating to the events of 02/02/2011

 

 

 

(b) Generally

 

 

 

12.

Periodic review of liquidity report

C. Yager

2:25pm

 

13.

Review Committee briefs

M. Petterson

2:35pm

 

14.

Future agenda items

M. Petterson

2:55pm

 

15.

Other business

M. Petterson

2:58pm

 

 

Adjourn meeting

C. Karnei

3:00pm

Scheduled FINANCE_AUDIT Meetings

Key Documents

20110321 FA Meeting Materials
Finance & Audit Meeting Materials
Mar 14, 2011 - pdf - 1 MB
20110321 - F&A Committee Meeting Minutes - General Session (fina
Supplemental March 21, 2011 Finance & Audit Committee Approved Meeting Minutes
Apr 28, 2011 - pdf - 386.9 KB

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