Item #

Agenda Item Type

Description/Purpose/Action Required

Presenter

Time

Call Open Session to order and announce proxies

Clifton Karnei

9:00 am

1.

Vote

Approve general session minutes (10/17/11)

Clifton Karnei

2.

Discussion

Receive report on auditor independence from Maxwell, Locke & Ritter regarding the 2011 401(k) Savings Plan Audit

Bruno Ierullo;

Maxwell, Locke & Ritter

3.

Vote

Recommend Board acceptance of the 2011 Service Organization Control Audit report

Mark Ruane;

Brightline

4.

Discussion

Receive report on auditor independence from Brightline regarding the 2012 Service Organization Control Audit

Mark Ruane;

Brightline

5.

Discussion

Update on Commodities Exchange Act exemption

Mark Ruane

6.

Discussion

Review Finance and Audit Committee member responses to the committee’s annual self-assessment survey

Clifton Karnei

7.

Discussion

Quarterly Committee education on accounting developments

Rebecca Beckham

8.

Discussion

Review Committee briefs

Mike Petterson

9.

Discussion

Future agenda items

Mike Petterson

10.

Other business

Mike Petterson

Convene to Executive Session

Clifton Karnei

11.

Vote

Approve executive session minutes (10/17/11)

Clifton Karnei

12.

Discussion

Contract, personnel, security, compliance, risk management, litigation and regulatory matters

13.

Discussion

Chief Audit Executive status report

Bill Wullenjohn

Reconvene to Open Session

Clifton Karnei

14.

Vote

Vote on Matters from Executive Session

Clifton Karnei

Adjourn meeting

Clifton Karnei

12:00 pm