Board meeting - July 2025

Unless otherwise specified, meetings will be held at the following location:

Marriott Marquis San Diego Marina, 333 W Harbor Dr., San Diego, CA 92101

Public Call Letter

All meeting times are approximate depneding upon the end of the pervious meeting.

Regular Meeting (Day One) - 12:45 p.m.

Item 1 - Approval of Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 2 - Setting of CEO and CIO Performance Targets for the2025-26 Performance Year (Gov. Code, sec. 11126(a), (b), (g))

Session: Closed | Type: Action | Presenter: Chairperson

Item 3 - Evaluation of CEO and CIO Base Salary Adjustment(Gov. Code, sec. 11126(a), (b), (g)(1))

Session: Closed | Type: Action | Presenter: Chairperson

Item 4 - CalSTRS FY 2025-2026 Board and Committee Work Plans

Session: Open | Type: Action | Presenter: Chairperson

Item 5 - Contracts Requiring Board Approval

Session: Open | Type: Consent Action | Presenter: Chairperson

Item 6 - Committee Assignments for FY 2025-2026

Session: Open | Type: Consent Action | Presenter: Chairperson

Item 7 - Chief Executive Officer Report

Session: Open | Type: Information | Presenter: Cassandra Lichnock

Item 8 - Chief Investment Officer Report

Session: Open | Type: Information | Presenter: Scott Chan

Item 9 - Shared Vision Project Update

Session: Open | Type: Information | Presenter: Scott Chan / April Wilcox

Item 10 - Opportunities for Statements from the Public

Session: Open | Type: Information | Presenter: Chairperson

Regular Meeting (Day Two) - 9:00 a.m.

Item 11 - Macro Landscape, US Policy Implications and Total Fund Investment Implications

Session: Open | Type: Information | Presenters: Geraldine Jimenez, June Kim / Howard Marks, Oaktree Capital / Robyn Grew, Man Group / Raj Agrawal, KKR / and Jim Haskel, Bridgewater

Item 12a - CalSTRS Board GenAI Immersion Training: Transforming Public Sector Pension Systems with GenAI

Session: Open | Type: Information | Presenters: Eyal Darmon and Ted Kwartler, Accenture

Item 12b - AI Efforts at CalSTRS

Session: Open | Type: Information | Presenters: David Liao, April Wilcox, and Vaishali Dwarka

Item 13 - Opportunities for Statements from the Public

Session: Open | Type: Information | Presenters: Chairperson

Regular Meeting (Day Three) - 9:00 a.m.

Item 14 - Sustaining Excellence in Governance Through Uncertainty

Session: Open | Type: Information | Presenters: Joe Griesedeck, Korn Ferry / Amy McDuffee, Mosaic Governance Advisors

Item 15 - Annual Board Self-Evaluation (Gov. Code, (Gov. Code, sec. 11126(a))

Session: Closed | Type: Information | Presenters: Chairperson/ Amy McDuffee, Mosaic Governance Advisors