Nathaniel William Kibbe

Carrabassett Valley Academy;Investment Related-Yes;3197 Carrabassett Dr., Carrabassett Valley, ME 04947;Educational Establishment;Committee member;Committee member on Finance, Audit and Investment Committee;03/01/2019; 1; 0;The Finance, Audit and Investment Committee shall monitor the financial affairs of the Corporation, and in concert with the Head of School, shall make recommendations to the Board of Trustees with regard to operating and capital budgets, including salary policy, tuition policy, financial aid, insurance programs and all other business matters. The Finance, Audit and Investment Committee shall monitor the employee benefit program of the Corporation, the investment of the Corporation's funds and the preservation and maintenance of the Corporation's physical plant. The Finance, Audit and Investment Committee shall, subject to Board approval, employ independent managers to administer the Corporation's investable and endowment funds. The Committee shall monitor the managers' performance and ensure compliance with the Corporation's Statement of Investment Objectives and Policies. The Committee shall oversee the fiduciary responsibilities of the Corporation's employee retirement fund and shall, subject to Board approval, assign those responsibilities to employees, Trustees or third-party contracted entities. The Committee shall also monitor and document compliance with such fiduciary responsibilities.