FUND NEWS

APFC Governance Committee Advances Modernization Efforts July 18, 2024

JUNEAU, AK — The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees Governance Committee convened today to advance ongoing efforts to modernize and enhance the Corporation’s governance practices. The committee reviewed recommendations to communications and governance policies, including updates to investment advisory, audit, cybersecurity, and communications protocols.

The recommendations aim to align APFC’s governance framework with industry best practices and support the organization’s mission of prudent and sustainable management of the Alaska Permanent Fund.

“This is a critical step in our continued commitment to strong governance,” said Ellie Rubenstein, Chair of the Governance Committee. “These recommendations reflect a comprehensive review and are designed to ensure APFC remains at the forefront of best practices in investment management and oversight.”

A summary of proposed amendments will be presented to the full Board of Trustees for consideration during the upcoming meetings scheduled for July 24 in Fairbanks, as well as during the annual meeting on September 25-26 in Anchorage. Proposed recommendations include the following:

  • Update the Charter of the Investment Advisory Group
  • Revise Audit Committee Processes and Purview
  • Establish a Communications Committee or Process for Enhanced Alignment
  • Utilize External Resources to Adopt Best Practices

APFC CEO Deven Mitchell emphasized the importance of these forward-looking reforms. “Good governance is foundational to our work at APFC,” said Mitchell. “These proposed updates are part of our approach to ensuring transparency, accountability, and long-term success in serving the interests of all Alaskans.”

Read the full press release here.

RECENT NEWS

APFC Governance Committee Advances Modernization Efforts

July 18, 2024
JUNEAU, AK — The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees Governance Committee convened today to advance ongoing efforts…

APFC Welcomes the Reappointment of APFC Trustee Ethan Schutt

July 18, 2024
Trustee Ethan Schutt was reappointed by Governor Dunleavy to the Alaska Permanent Fund Corporation Board of Trustees. “I am honored…

APFC Board of Trustees Regular Meeting – July 24, 2024

July 17, 2024
The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold a Meeting on July 24, 2024, at the location…

APFC Board of Trustees Governance Committee Meeting – July 18, 2024

July 12, 2024
The Alaska Permanent Fund Corporation (APFC) Board of Trustees’ Governance Committee will hold a virtual meeting on July 18, 2024…

A New Fiscal Year: Committed Revenue

July 3, 2024
June 30th marked the end of Fiscal Year 2024. At the end of July, the preliminary, unaudited FY24 financial statements…

Audit Committee Holds Risk Assessment and Audit Plan Review

June 7, 2024
The Board of Trustees Audit Committee of the Alaska Permanent Fund Corporation (APFC) held a virtual meeting via webinar on…

APFC TRUSTEES UNANIMOUSLY APPROVE UPDATED ASSET ALLOCATION

May 31, 2024
UTQIAGVIK – The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) held its quarterly meeting in Utqiaġvik and…

APFC Board of Trustees Audit Committee Meeting – June 6, 2024

May 29, 2024
The Alaska Permanent Fund Corporation (APFC) Board of Trustees’ Audit Committee will hold a virtual meeting on June 6, 2024…