APFC - Alaska Permanent Fund Corporation
07/24/2024 | Press release | Distributed by Public on 07/24/2024 21:12
APFC Board Elects Officers, Takes Steps to Strengthen Governance
FAIRBANKS, Alaska - The Board of Trustees of the Alaska Permanent Fund Corporation ("APFC") held a meeting in Fairbanks and via Teams Webinar on July 24, 2024. Board action items included the approval of APFC's Investment Policy Statement (IPS), which includes the new FY25 asset allocation and adoption of additional staff-proposed edits. Following reports from the Audit and Governance Committees during today's meeting, the Board voted to approve several governance changes and requested staff and advisors continue working on governance practices and protocols to bring forward at upcoming meetings.
The Board elected new corporate officers and committee assignments and voted in Trustee Jason Brune as Chair and Trustee Adam Crum as Vice Chair. The Vice Chair serves as the Chair of the Governance Committee, and Trustee Ryan Anderson was appointed to Chair the Audit Committee. Trustee Ellie Rubenstein also announced her resignation from the Board of Trustees, effective August 1, 2024, and expressed gratitude to her colleagues and staff for the work accomplished during her tenure on the Board. Trustee Rubenstein served as Vice Chair of the Board and Chair of the Governance Committee from September 2023 to July 2024.
Chair Jason Brune remarked, "As Trustees, our service to Alaskans in ensuring a portion of our State's resource wealth benefits all generations. I would like to thank Trustee Schutt for his deep-rooted commitment to the Fund throughout his chairmanship; we are honored that he has been reappointed to the Board to continue his legacy of service."
"As we heard today, Trustee Rubenstein will be resigning from the Board of Trustees. It has been an absolute honor to serve alongside her. I profoundly respect her professionalism, expertise, and commitment to our work on behalf of Alaskans. I am confident that her vision and dedication to advancing modern endowment best practices have significantly strengthened both the Fund and the Corporation."