Nevada § 286.160 - Persons employed by Board: Appointment; salaries; qualifications; other employment of Executive Officer prohibited; exceptions

§ 286.160. Persons employed by Board: Appointment; salaries; qualifications; other employment of Executive Officer prohibited; exceptions

1. The Board shall employ an Executive Officer who serves at the pleasure of the Board. The Executive Officer shall select a General Counsel, Operations Officer, Chief

Investment Officer, Deputy Investment Officer, Chief Financial Officer, Manager of

Information Systems, Administrative Services Coordinator, Chief Administrative Analyst

and Administrative Analyst whose appointments are effective upon confirmation by the

Board. The General Counsel, Operations Officer, Chief Investment Officer, Deputy Investment

Officer, Chief Financial Officer, Manager of Information Systems, Administrative Services

Coordinator, Chief Administrative Analyst and Administrative Analyst serve at the

pleasure of the Executive Officer. 2. The Executive Officer, General Counsel, Operations Officer, Chief Investment Officer,

Deputy Investment Officer, Chief Financial Officer, Manager of Information Systems,

Administrative Services Coordinator, Chief Administrative Analyst and Administrative

Analyst are entitled to annual salaries fixed by the Board with the approval of the

Interim Retirement and Benefits Committee of the Legislature created pursuant to NRS 218E.420 . 3. The Executive Officer must: (a) Be a graduate of a 4-year college or university with a degree in business administration

or public administration or equivalent degree. (b) Possess at least 5 years' experience in a high level administrative or executive

capacity, including responsibility for a variety of administrative functions such

as retirement, insurance, investment or fiscal operations. 4. The General Counsel must be an attorney in good standing licensed and admitted

to practice law in this State. 5. The Operations Officer, Chief Investment Officer, Deputy Investment Officer, Chief

Financial Officer, Manager of Information Systems, Chief Administrative Analyst and

Administrative Analyst must each be a graduate of a 4-year college or university with

a degree in business administration or public administration or an equivalent degree. 6. Except as otherwise provided in NRS 284.143 , the Executive Officer shall not pursue any other business or occupation or perform

the duties of any other office of profit during normal office hours unless on leave

approved in advance. The Executive Officer shall not participate in any business enterprise or investment

in real or personal property if the System owns or has a direct financial interest

in that enterprise or property.