The Board sets policy, contracts with investment and administrative service providers, and oversees administration of the program. The Board is responsible for establishing criteria and procedures for selecting and evaluating investment options offered by the program. All Board members are appointed by the Governor; there are no statutory requirements for appointments. An advisory Investment Committee, consisting of a subset of Board members, helps review and monitor WDC investment options to ensure that the options are suitable for the WDC. The Investment Committee may make recommendations for consideration by the full Board.

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