| Title: | Investment Policy Board, Illinois | | Website: | Illinois Investment Policy Board | | Contact Name: | Monica-Kaye Gamble | | Contact Title: | FOIA Officer | | Contact E-Mail: | iipb@mkgamble.com | | Contact Comments: | | | Function: | To identify all Iran and Sudan-restricted companies and companies that boycott Israel, and assemble identifiable companies into a
list of restricted companies to be distributed to retirement systems. | | Term: | The terms of office of members appointed by the Governor after June 30, 2022 shall be as follows: 2 initial members shall be appointed for terms of 2 years, and 2 initial members shall be appointed for terms of 4 years. Thereafter, the members appointed by the Governor shall hold office for 4 years, except that any member chosen to fill a vacancy occurring otherwise than by expiration of a term shall be appointed only for the unexpired term of the member whom he or she shall succeed. Board members may be reappointed. The Governor may remove a Governor's appointee to the Board for incompetence, neglect of duty, malfeasance, or inability to serve.
| | Senate Confirmation: | No | | Qualifications: | | | Composition: | 7 members. 4 appointed by the Govenor. 3 appointed, one by each board of a pension fund or investment board created under Article 15, 16, or 22A of the Illinois Pension Code. | | Chair: | The Governor shall designate one member of the Board as Chairperson | | Authority: | 40 ILCS 5/1-110.16 |
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