Item

Topic

Topic Type

Presenter

Time

Allocation in Minutes

1.

Call General Session to Order, Announce Proxies and Segment Alternates

--

Board Vice Chair

2

2.

Confirm Committee Membership and Leadership

--

--

--

2.1

Confirm Committee Membership

Discussion

Board Vice Chair

2

2.2

Election of Committee Chair

Vote

Board Vice Chair

2

2.3

Election of Committee Vice Chair

Vote

Chair

2

2.4

Designation of Committee Secretary

Vote

Chair

2

3.

Committee Education on Market Credit

Discussion

Mark Ruane

60

4.

December 8, 2014 General Session Meeting Minutes

Vote

Chair

2

5.

Charter Review and Approval

--

--

--

5.1

Recommendation regarding Committee Charter

Vote

Chair

2

5.2

Review and Approval of Internal Audit Department Charter

Vote

Bill Wullenjohn

2

5.3

Review and Ratification of Credit Work Group Charter

Vote

Mark Ruane

2

6.

Policy Review and Approval

--

--

--

6.1

Recommendation regarding Market Credit Risk Corporate Standard

Vote

Mark Ruane

2

6.2

Recommendation regarding Financial Corporate Standard

Vote

Leslie Wiley

2

6.3

Recommendation regarding Investment Corporate Standard

Vote

Leslie Wiley

2

6.4

Handling of Complaints Regarding Financial Matters

Discussion

Sean Taylor

--

6.5

Policy on Hiring Former Employees of the Independent Auditor

Discussion

Sean Taylor

--

6.6

Policy on Independent Auditor Selection

Discussion

Sean Taylor

--

7.

Preapproval of Non-Audit Services

Vote

Sean Taylor

2

8.

Confirmation of Credit Work Group Chair and Vice Chair

Vote

Mark Ruane

2

9.

Periodic Report on Credit Work Group Activity

Discussion

CWG Chair

10

10.

Mitigation of Credit Tail Risk Exposure

Discussion

CWG Chair

10

11.

Recommendation regarding Revisions to ERCOT Counter-Party Credit Application

Vote

Mark Ruane

5

12.

Committee Education Plan for 2015

Discussion

Michael Petterson

5

13.

Committee Briefs

Discussion

Staff

--

13.1

Review 2014 Financial Summary

Discussion

Sean Taylor

10

13.2

Periodic Report on Investments

Discussion

Leslie Wiley

5

13.3

Financial Institutions which are Market Participants

Discussion

Leslie Wiley

--

14.

Future Agenda Items

Discussion

Michael Petterson

2

15.

Other Business

Discussion

Michael Petterson

--

Convene Executive Session

--

--

103

December 8, 2014 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

Bill Wullenjohn

--

Reconvene General Session

--

--

--

16.

Vote on Matters from Executive Session

Vote

Chair

2

17.

Adjournment

--

Chair

--