Standing committees of the Board

The Trustees have established five standing committees to oversee OPTrust's activities and make reports and recommendations to the Board:

The Administration Committee oversees the Plan's pension operations including its annual and strategic organizational plans. It monitors and makes recommendations on policies regarding pension funding and plan administration, plan amendments and legislative changes. The committee is also responsible for overseeing the preparation and review of actuarial valuations.

The Audit Committee ensures that the Plan's financial statements are complete and accurate. The committee reviews the Plan's accounting and financial policies and ensures OPTrust's systems and processes comply with legal and professional standards. The committee also oversees development and adherence to OPTrust's operating and capital budgets, reviews Trustee and management expenses and oversees OPTrust's operational risk management program.

The Governance and Compensation Committee is responsible for reviewing OPTrust's internal governance practices, including performance criteria and objectives for OPTrust's management, and reviewing performance and resulting incentive compensation. The committee also reviews recommendations regarding compensation structure and succession planning for senior management at OPTrust.

The Investment Committee monitors the investment performance of the Fund and its internal and external investment managers, and ensures their compliance with OPTrust's investment policies, proxy voting guidelines and related legal and regulatory requirements. It also commissions research and advice and approves changes to the Plan's investment strategy, policies, asset mix and investment managers.

The Adjudication Panel provides plan members and pensioners with access to an independent review process in the event of disputes concerning decisions by OPTrust's staff on eligibility, benefit entitlements or other pension-related rights under the Plan.