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B . Authority and Function . The Committee shall oversee the investment of both the Corporation ' s non-pension investment portfolio and the Corporation ' s pension investment portfolio . It shall formulate recommendations for Board approval on matters relating to : investment objectives and policy , employment of consultants and money managers , and asset allocation . To assist in portfolio structuring , it shall receive from the Finance Committee both short term and long term forecasts of ( 1 ) operating cash flow and (2) any changes in the Corporation ' s debt structure . It shall review quarterly the performance of both investment portfolios and provide - summaries of such reviews to the Board . 6 . 1 -9 GOVERNANCE COMMITTEE. A . Composition and Appointment . The Governance Committee shall consist of at least three (3} members of the Board in addition to the Chairman -and- the President. B . Authority and Function . The Committee shall nominate a slate of officers at each Annual Meeting . - It shall also be responsible for planning and implementing an annual self-evaluation of the Board ' s performance . It shall also recommend to the Board changes in the Bylaws and Articles of Incorporation . It shall also plan the Board ' s educational program . Section 6.2 - TERM OF CONMUTEE MEMBERS . The term of each- -member - appointed to a Standing committee- shall- extend until the next Annual Meeting and until his or her successor is duly appointed . Na member of-a Standing committee shall be eligible to serve- more than six (6) consecutive terms on the same committee except a committee member who _ serves on _ the committee by reason of his or her office_, by reason of appointment by the District,- or by reason of being the Chairman . Section 6 .3 AD HOC COMMITTEES . _ A . Composition and EIection . The Board may from time to time create by resolution ad hoc Committees consisting of at least three (3) Directors , and such other individuals , if any , as may be designated by the Board . If an ad hoc Committee is created , the resolution creating it shall designate the manner in which the members of the Board who are to serve as the members of the Committee - are to be appointed and removed . The chairman of any ad hoc Board Committee shall be a Director and shall be appointed by the chairman ,- with_ the concurrence of the Board . B . Powers and Functions . The resolution creating an ad hoc Committee shall designate the authority which such Committee shall have and exercise and the functions such Board Committee shall discharge . co Strategic Planning Committee. If the Board creates either a Standing or an ad hoc Strategic Planning Committee , one ( 1 ) Trustee who shall be appointed by the District 14