State Compensation Insurance Fund
Board of Directors
Audit Committee
November 18, 2010
8:00 a.m.
Benicia Room, Milton Marks Conference Center
455 Golden Gate Avenue
San Francisco, CA 94102
COMMITTEE MEMBERS
Francis E. Quinlan, Chair
Steven L. Rank
William Zachry
James Richardson (Alternate)
| OPEN SESSION | 8:00 a.m. |
|
| Action/Frank Quinlan | 1. | Call to Order and Roll Call |
| Action/Frank Quinlan | 2. | Approval of September 9, 2010 Open Meeting Minutes |
| Attachment | ||
| Information/Leigh Wilson, KPMG | 3. | Report of External Auditor |
| Attachment | ||
| Action/Frank Quinlan | 4. | Recognition of Lisa Middleton for Her Service to State Fund |
| Action/Frank Quinlan | 5. | Public Comment on Appropriateness of Closed Session for Items 7 through 11. |
| CLOSED SESSION | ||
| Action/Frank Quinlan | 6. | Approval of September 9, 2010 Closed Meeting Minutes |
| Information/Lisa Middleton and Marie Wardell |
7. | Presentation of Internal Audit Draft Charter and Organization |
| Information/Lisa Middleton and Marie Wardell |
8. | Update on Outstanding Audits and Investigations |
| Information/Lisa Middleton and Marie Wardell |
9. | Update on Draft 2011 Audit Plan |
| Information/Frank Quinlan and Kris Veaco (Veaco Group Corporate Governance Advisors) | 10. | Board Evaluation Findings |
| Information/Lisa Middleton and Marie Wardell |
11. | Review of Proposed 2011 Closed Session Audit Agenda |
| OPEN SESSION | 9:00 a.m. or upon adjournment or recess of the Closed Session whichever is later |
|
| Action/Frank Quinlan | 12. | Call to Order and Roll Call |
| Information/Marie Wardell | 13. | Report on Closed Audits |
| Attachment | ||
| Information/Frank Quinlan | 14. | Committee Member Presentations |
| Information/Frank Quinlan | 15. | Proposals and Suggestions for January 2011 Agenda |
| Information | 16. | Public Comment |
| Next Committee Meeting January 20, 2011 (tentative) |
Note: Items designated for information are appropriate for Board/Committee action if the Board/Committee wishes to take action. Any agenda item from a properly noticed Committee meeting held immediately prior to this Board meeting may be considered by the Board. Agenda items may be taken out of order with the approval of the Chairperson. Public comment will be limited to three (3) minutes per speaker and ten (10) minutes per subject item.
