The Investment Committee shall be responsible for developing and submitting written recommendations for Board of Directors’ approval of investment objectives, asset allocation targets, and Article 506.6 5 2021 U.S. Masters Swimming Rule Book Page 99 performance measurement standards that are consistent with the overall fund investment goals. The committee shall review and evaluate investment results at least quarterly and take whatever action is deemed prudent when the advisor or any selected investment fails to meet performance expectations. The committee shall be responsible for ensuring compliance with all relevant federal and state regulation.