Meeting · FINANCE_AUDIT

Finance & Audit Committee Meeting

Concluded date 2018-02-19 time 13:00 ercot.com

LocationERCOT Austin 8000 Metropolis (Building E), Suite 100 Austin, TX 78744 Room 206

Agenda 37 items

1. Call General Session to Order, Announce Proxies and Segment Alternates · Board Chair
2. Confirm Committee Membership and Leadership · --
2.1 Confirm Committee Membership — Discussion · Board Chair
2.2 Election of Committee Chair — Vote · Board Chair
2.3 Election of Committee Vice Chair — Vote · Board Chair
2.4 Designation of Committee Secretary — Vote · Chair
3. December 11, 2017 General Session Meeting Minutes — Vote · Chair
4. Charter Review and Approval · --
4.1 Recommendation Regarding Committee Charter — Vote · Chair
4.2 Review and Approval of Internal Audit Department Charter — Vote · Penny Rychetsky
4.3 Review and Ratification of Credit Work Group Charter — Vote · Mark Ruane
5. Policy Review and Approval · --
5.1 Recommendation Regarding Market Credit Risk Corporate Standard — Vote · Mark Ruane
5.2 Recommendation Regarding Financial Corporate Standard — Vote · Leslie Wiley
5.3 Recommendation Regarding Investment Corporate Standard — Vote · Leslie Wiley
5.4 Handling of Complaints Regarding Financial Matters — Discussion · Sean Taylor
5.5 Policy on Hiring Former Employees of the Independent Auditor — Discussion · Sean Taylor
5.6 Policy on Independent Auditor Selection — Discussion · Sean Taylor
6. Confirmation of Credit Work Group Chair and Vice Chair — Vote · Mark Ruane
7. Periodic Report on Credit Work Group Activity — Discussion · CWG Chair
8. Proposed Updates to Board of Directors Material on DAM Net Flow vs. Real-Time Load — Discussion · Kenan Ögelman
9. Data Center Refresh Update — Discussion · Bryan Hanley
10. Committee Education Plan for 2018 — Discussion · Michael Petterson
11. Forecast Adequacy of the Budgeted System Administration Fee — Discussion · Sean Taylor
12. Committee Briefs — Discussion · Staff
12.1 Review 2017 Financial Summary — Discussion · Sean Taylor
12.2 Periodic Report on Investments — Discussion · Leslie Wiley
12.3 Financial Institutions which are Market Participants — Discussion · Leslie Wiley
13. Future Agenda Items — Discussion · Michael Petterson
14. Other Business — Discussion · Michael Petterson
Convene Executive Session · --
December 11, 2017 Executive Session Meeting Minutes — Vote · Chair
Contract, Personnel, Security, Compliance, Risk Management, Litigation and Regulatory Matters — Discussion · Staff
Periodic Report on Internal Audit Activity — Discussion · Penny Rychetsky
Reconvene General Session · --
15. Vote on Matters from Executive Session — Vote · Chair
16. Adjournment · Chair