CalPERS’ governing board aims to up its collective understanding of everything from financial statements to financial markets with a new set of “core competencies” that will help shape education and training. The policy, which the board is imposing on itself, also requires board members to have familiarity with topics ranging from health care and pension plans to board governance and communication...
Full story at http://www.sacbee.com/2013/12/05/5974549/calpers-sets-knowledge-standards.html
Now if the Regents were to adopt such a policy, what would their core competencies be? Pension funding? Capital projects evaluation skills? Business plans? Just a thought!
But maybe they know all that: