STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS
BOARD OF DIRECTORS MEETING
February 14-15, 2013
2:00 p.m.
Or Upon Adjournment or Recess of the
Investment Committee Meeting, Whichever is Later
State Compensation Insurance Fund Office
333 Bush Street, 7th floor
San Francisco, CA 94104
BOARD MEMBERS
Lawrence E. Mulryan, Chair
Sheryl A. Chalupa
Daniel M. Curtin
Donald E. Garcia
Sen. Michael J. Machado (Ret.)
Francis E. Quinlan
Steven L. Rank
Thomas E. Rankin
Scott K. Reid
William M. Zachry
Christine Baker (Ex-Officio)
| OPEN SESSION | Thursday, February 14, 2013 @ 2 p.m. |
||
| Action/Lawrence Mulryan | 1. | Call to Order and Roll Call | |
Action/Lawrence Mulryan |
2. | Antitrust Admonition | |
| Action/Lawrence Mulryan | 3. | Consent Calendar1 | |
a. |
Approval of November 15-16, 2012 Open Meeting Minutes | ||
b. |
Board Member Educational Opportunities and Approval of Planned Board Member Education and Expense Reimbursement | ||
c. |
Approval of Retirement Resolutions (originals available for signature at meeting) |
||
| Action/Lawrence Mulryan | 4. | Appointment of Chief Operating Officer | |
| Information/Andreas Acker | 5. | Personnel Matters | |
a. |
Workforce Update | ||
b. |
Employee Leave Balance and Usage | ||
| Information/Tom Rowe | 6. | Update on Business Transformation | |
Information/Dan Sevilla |
7. | Financial Update Year End 2012 | |
| Information/Carol Newman and Beatriz Sanchez | 8. | Update on Schedule II Opioids Use in California | |
| Information/Tom Rowe | 9. | President’s Report | |
| 10. | Reports by the Chairs of Committee Activities | ||
| Action/Information/Lawrence Mulryan | a. |
Governance Committee | |
i. |
Governance and Compliance Update | ||
ii. |
Approval of Board Committee Assignments for 2013 | ||
iii. |
Board and Committee Effectiveness (new) | ||
| Information/Francis Quinlan | b. |
Audit Committee | |
i. |
Update on Completed Closed Audits | ||
| Information/Michael Machado | c. |
Investment Committee | |
i. |
Bond Transactions and Compliance Report | ||
| Information/Lawrence Mulryan | 11. | Chairman’s Report | |
| Information | 12. | Board Member Reports | |
| Information/Lawrence Mulryan | 13. | Public Comment on Appropriateness of Closed Session for Items 16 through 23. |
|
| Information/Lawrence Mulryan | 14. | Public Comment | |
| CLOSED SESSION | Thursday, February 14, 2013 | ||
| Action/Lawrence Mulryan | 15. | Approval of November 15-16, 2012 Closed Meeting Minutes | |
| Information/Marjorie Hutchings | 16. | Update on IT Strategic Optimization Plan [Government Code section 11126(j)(4)] |
|
a. |
Policy Initiatives | ||
b. |
Claims Initiatives | ||
Information/Beatriz Sanchez |
17. | Update on Claims Strategic Optimization Plan [Government Code section 11126(j)(4)] |
|
| Information/Ken Van Laar | 18. | Loss and Loss Adjustment Expense Reserve Government Code section 11126(j)(4)] |
|
| Information/Francis Quinlan | 19. | Significant Open Audits Report and Fraud Litigation Report [Government Code sections 11126(e), (j)(2), (3) and (4)] |
|
| Information/Michael Machado | 20. | Financial and Investment Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)] |
|
| Action/Information/Tom Rowe and Lawrence Mulryan | 21. | Governance Considerations Related to the Strategic Plan: Human Resources Strategic Planning [Government Code section 11126(a), (j)(4)] |
|
a. |
Strategic Planning for Business Transformation | ||
b. |
Staffing, Leadership and Succession Planning | ||
c. |
Performance Awards Program | ||
d. |
Review of President and Executive Leadership 2012 Performance Against Plan and 2013 Compensation for President and Exempt Executives | ||
e. |
Review and Approval of Executive Leadership 2013 Performance Objectives | ||
f. |
Review of President’s Employment Agreement | ||
| Information/Tom Rowe and Dan Sevilla |
22. | Update on Strategic Plan 2013-2015 [Government Code section 11126(j)(4)] |
|
| Information/Carol Newman and Judith Sapper | 23. | Pending and Potential Litigation [Government Code sections 11126(e), (j)(4)] |
|
a. |
State Compensation Insurance Fund vs. Metropolitan West Securities LLC, et al: U.S. District Court for the Northern District of California, Case No. CV 09-02959 JSW (EDL) | ||
b. |
State Compensation Insurance Fund vs. Sana Ulla Khan, et al.; U.S. District Court, Central District of California, Southern Division Case No. SACV12-01072 JST (mLGx) | ||
c. |
State Compensation Insurance Fund vs. Onvoi Business Solutions, Inc.; Select Personnel Services, Inc.; San Francisco Superior Court Case No. CGC 07-470352 | ||
d. |
Valdez vs. WCAB, California Supreme Court, Case No. S204387 | ||
e. |
State Compensation Insurance Fund vs. Richard Fuld, et al. (Lehman Brothers); Multidistrict Litigation Case No. CAN/3:11-cv-02400, Southern District of New York | ||
f. |
Electronic Waveform Lab, Inc vs. EK Health Services et al., Los Angeles County Superior Court No. BC467496 | ||
g. |
Nushake, Inc. vs. State Compensation Insurance Fund, San Francisco Superior Court, Case No. CGC 05441299 | ||
| OPEN SESSION | February 15, 2013 @ 10:00 a.m. or upon adjournment or recess of the Closed Session, whichever is later. | ||
| Action/Lawrence Mulryan | 24. | Call to Order and Roll Call | |
| Action/Michael Machado | 25. | Approval of Investment Policy Statement and Guidelines | |
| Action/Michael Machado | 26. | Approval of Federal Home Loan Bank Membership | |
| Action/Lawrence Mulryan | 27. | Approval of Performance Awards Program | |
| Action/Lawrence Mulryan | 28. | Approval of President and Executive Leadership 2012 Performance Against Plan and 2013 Compensation for President and Exempt Executives. | |
| Action/Lawrence Mulryan | 29. | Approval of President’s Employment Agreement | |
| Information/Lawrence Mulryan | 30. | Proposals and Suggestions for May 16-17, 2013 Agenda | |
| Next Board of Directors Meeting: May 16-17, 2013 |
|||
1Items 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.
|
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. |
||
