call item 10. >> item 10, sfers general procedures. >> so once again, for our investment restriction as it relates to sudan, we've reviewed the criteria that -- related to that divestment and investment restriction, and second we've visited the data that we use to arrive at the companies that we recommend for investment restriction. for the sudan restricted list, we're recommending the removal of 27 companies that we've determined likely no longer have restricted business activities in sudan. we're recommending the review of seven companies and their subsidiaries that may have restricts activities in sudan. letters have been sent perour policy to each company to clarify the nature of their business in sudan, and we have direct investment in two of these companies. and lastly, we are recommending the addition of 26 subsidiaries of companies already on our sudan restricted list to be added to the restricted list. >> okay. thank you for the report. is there a motion or any questions? >> i make that motion. >> there's a motion. do i have a second? >> second. >> there's a motion, and we h

and so art's contributions to sfers are going to -- sfers is going to benefit from art's contributionsfor years into the future, so we're terribly sad to see him leave. you know, as somebody said, we're happy for him, i guess. it's one of those kinds of things. onto the happy. we're thrilled to announce that ana langs is joining sfers as our director of asset managing risk. ana has amazing experience. you see the caliber of firms that she's works for, d.e. shaw, fortress, where she's been at really prominent firms. in addition to that, she has an amazing educational background. three degrees from m.i.t. as well as a c.f.a. as well as a certified risk manager. and with that, i'll turn it over to the board. >> any questions? [inaudible] >> the commission is? i feel privileged and honored to join the talented investment team and look forward to contributing to this plan. >> thanks, ana. welcome. commissioner driscoll? >> two sets of statements. welcome, miss huang. i look forward to the product that you'll produce in the risk management area since you have three titles, three jobs. there'

for monitoring security litigation and evaluating and reporting on the litigation and options with sfers. the changes to the amendment basically includes a description of changes in u.s. security laws requiring purchases of stocks on foreign exchanges or other nondomestic means, to pursue claims for damages in the country in which the stocks were purchased by filing or joining litigation in that country, and then makes the following three amendments: based on the efficient and effective use of resources, potential cost risk and potential for recovery, the amendments increase the threshold for evaluating whether to join as a lead plaintiff in domestic litigation from 2 million to $5 million. and secondly inkpraess the threshold by evaluating whether to join litigation in a foreign country from 2 million to $5 million. and then, the third substantive amendment would be to authorize the executive director to make decisions to implement litigation strategy after consulting with the city attorney's office and the president or acting president if a regular meeting or a special meeting cannot b

in it because they can negotiate, for example, -- the sheriffs could negotiate a transfer into the sfers plan for i think only prospective service. but that has to be done through m.o.u. and through negotiations and the city has never really approached them. so the city thought of everything and basically said that we will provide a mechanism to allow through negotiation for the sheriffs that find themselves at calpers to move into the sfers. but i don't recall the details but i think that it's for prospective service only, because, certainly, sfers can accept the liability and guarantee that there will be a transfer from calpers, which we did with the airport police. we ensured it covered the liability for those folks, airport police, who were transferring back and forth. but that could still come depending on the situation. >> president stansbury: i kind of wanted to get it out on the table so it's in everyone's mind and in the discussion, because i think, you know, calfers and the anxiety levels there go up, you know, we do have a workforce that is concerned about what's going to go o