STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS MEETING
January 22, 2010
8:30 a.m. Continuing CLOSED SESSION
12:30 p.m. OPEN SESSION
Or Upon Adjournment or Recess
of the Closed Session, Whichever is Later
Auditorium, Milton Marks Conference Center
455 Golden Gate Avenue
San Francisco, CA 94102
BOARD MEMBERS
Jeanne L. Cain, Chair
Sheryl A. Chalupa
Daniel M. Curtin
Donald E. Garcia
Sen. Michael J. Machado (Ret.)
Lawrence E. Mulryan
Francis E. Quinlan
Steven L. Rank
Thomas E. Rankin
James S. Richardson
William M. Zachry
(Ex-officio)
John Duncan
| CLOSED SESSION | 8:30 a.m. (Continued from January 21, 2010 CLOSED SESSION) | ||
| Information/Jim Neary, Carol Newman |
10. | Update on Independent Valuation of Surplus [Government Code sections 11126(e), (j)(4)] | |
| Information/Andreas Acker | 11. | Personnel Matters [Government Code sections 11126(a), (j)(4)] | |
| Information/ Carol Newman, Suzanne Ah-Tye | 12. | Pending and Potential Litigation [Government Code sections 11126(e), (j)(4)] | |
| a. Poizner v. Genest, Lockyer, et al. Sacramento Superior Court No. 34-2009-80000310 (Update) | |||
| b. CASE et al. v. Schwarzenegger et al., San Francisco Superior Court No. CPF-09-509205 (Update) | |||
| SEIU v. Schwarzenegger et al., San Francisco Superior Court No. CPF-09-509580 (Update | |||
| CAPS v. Schwarzenegger et al., San Francisco Superior Court No. CPF-09-509695 (Update) | |||
| Information/John Duncan, Suzanne Ah-Tye | b. Almaraz v. State Compensation Insurance Fund, ADJ1078163 | ||
| Ogilvie v. City and County of San Francisco, ADJ1177048 | |||
| Information/Nanci Clarence | 13. | Task Force Update [Government Code section 11126(j)(2), (4)] | |
| OPEN SESSION | 12:30 p.m. | ||
| Action/Jeanne Cain | 14. | Call to Order and Roll Call | |
| Action/Jeanne Cain | 15. | Consent Calendar1 | |
| a. Approval of November 12-13, 2009 Open Meeting Minutes | |||
| Attachment | |||
| Approval of January 7, 2010 Open Meeting Minutes | |||
| Attachment | |||
| b. Board Member Training Opportunities and Approval of Planned Board Member Training | |||
| Attachment | |||
| c. Report on Board Member Travel Expense Reimbursement—October through December 2009 | |||
| Attachment | |||
| d. Approval of Retirement Resolutions Nos. 895 – 906 (Mabale, Mapa, Schmidt, Hartshorn, Gadd, Dunlap, Pantangco, Clabough, Katanian, Kuhn, Vollmer, White) | |||
| Attachment (originals available for signature at meeting) | |||
| Information/Peter Guastamachio | 16. | Market Outlook and Economic Update | |
| Information/Doug Stewart | 17. | President’s Report | |
| a. Status Update on State Fund | |||
| Information/Alex Swedlow | b. Current Issues in Pain Management and Opioid Use in the California Workers’ Compensation System | ||
| Attachment | |||
| 18. | Committee Reports | ||
| Action/Jeanne Cain | a. Governance Committee Update | ||
| (i) Ratification of Executive Search Firm Selection | |||
| (ii) Approval of CEO and Exempts 2009 Performance Bonuses | |||
| (iii) Board Evaluation Update | |||
| Information/Frank Quinlan | b. Audit Committee Update | ||
| (i) Closed Audit Report | |||
| Information/Mike Machado | c. Investment Committee Update | ||
| Action/Peter Guastamachio, Leslie Dawe |
19. | Ratification of Investment Transactions | |
| a. Bond Transactions | |||
| Attachment | |||
| b. Short-Term Investment Transactions | |||
| Attachment | |||
| c. Compliance Report | |||
| Attachment | |||
| Information/Jeanne Cain | 20. | Chair’s Report | |
| Information | 21. | Board Member Reports | |
| Information | 22. | Proposals and Suggestions for March, 2010 Agenda | |
| Information | 23. | Public Comment | |
| Next Board of Directors Meetings: March 18-19, 2010 | |||
| 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.
| |||
| 1 Items on the Consent Calendar include routine actions or matters already considered by a committee of the Board and will be enacted by one motion and one vote. There will be no separate discussion of these items unless a Board Member or the public so requests. It is in the Board’s discretion to remove items already considered by a committee of the Board from the Consent Calendar. Any item removed from the Consent Calendar will be considered in its normal sequence on the agenda. If you wish to have an item removed from the Consent Calendar, please submit a speaker card or make your request at the time the Board Chairperson asks if any member of the public wishes to remove an item from consent. After an item, if any, removed from the Consent Calendar has been discussed, the Board will vote to approve all items remaining on the Consent Calendar. | |||
