STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS
BOARD OF DIRECTORS MEETING
February 16 - 17, 2012
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 | February 16, 2012 @ 2:00 p.m. |
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| Action/Lawrence Mulryan | 1. | Call to Order and Roll Call | |
Action/Lawrence Mulryan |
2. | Antitrust Admonition Attachment |
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| Action/Lawrence Mulryan | 3. | Consent Calendar1 |
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a. |
Approval of November 17-18, 2011 Open Meeting Minutes
and December 14, 2011 Special Board Open Meeting Minutes |
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b. |
Board Member Training Opportunities and Approval of Planned Board Member Training and Expense Reimbursement |
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c. |
Approval of Retirement Resolutions Attachment (originals available for signature at meeting) |
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d. |
Approval of Banking Resolution Attachment |
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| Information/Andreas Acker | 4. | Personnel Matters | |
a. |
Workforce Update Attachment |
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b. |
Employee Leave Balance and Usage Attachment |
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| Information/Dan Sevilla | 5. | Financial Update – 4th Quarter 2011 Attachment |
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| Information/Tom Rowe | 6. | President’s Report | |
a. |
State of the Market | ||
| 7. | Reports by the Chairs of Committee Activities | ||
| Action/Information/Lawrence Mulryan | a. |
Governance Committee | |
i. |
Recommendation on Board Training for March 29 & 30, 2012 |
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ii. |
Board Committee Assignments |
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iii. |
Governance and Compliance Update |
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| Information/Francis Quinlan | b. |
Audit Committee |
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i. |
Completed Closed Audits | ||
Action/Michael Machado |
c. |
Investment Committee |
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i. |
Bond Transactions and Compliance Reports Attachment |
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ii. |
Selection of Investment Manager | ||
| Information/Lawrence Mulryan | 8. | Report by Chair of Board Activities | |
| Information | 9. | Board Member Reports | |
| Information/Lawrence Mulryan | 10. | Public Comment on Appropriateness of Closed Session for Items 13 through 21 |
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| Information/Lawrence Mulryan | 11. | Public Comment | |
| CLOSED SESSION | February 16, 2012 | ||
| Action/Lawrence Mulryan | 12. | Approval of November 17-18, 2011 Closed Meeting Minutes and December 14, 2011 Special Board Closed Meeting Minutes |
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| Information/Tom Rowe | 13. | Update on Strategic Plan [Government Code section 11126(j)(4)] |
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| Action/Ken Van Laar | 14. | Pricing Strategy [Government Code Section 11126(j)(4)] |
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| Action/Tom Rowe and Brian Watson |
15. | Recommendation on Lobbyist [Government Code section 11126(j)(4)] |
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| Information/Lawrence Mulryan and Tom Rowe |
16. | Personnel Matters [Government Code section 11126(a), (j)(4)] |
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a. |
Review of Executive Leadership 2011 Performance Against Plan *Please note that item #16a has been amended |
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b. |
Review of Leadership 2012 Performance Objectives and Deliverables | ||
c. |
Performance Awards Program | ||
| Information/Beatriz Sanchez | 17. | Update on Claims Strategic Optimization Plan [Government Code section 11126(j)(4)] |
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Information/Shaun Coyne |
18. | Update on IT Strategic Optimization Plan [Government Code section 11126(j)(4)] |
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| CLOSED SESSION | February 17, 2012 @ 8:30 a.m. 333 Bush Street, 7th floor, San Francisco |
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| Information/Ken Van Laar | 19. | Enterprise Risk Management Update [Government Code section 11126(j)(4)] |
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| Information/Carol Newman | 20. | Pending and Potential Litigation |
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a. |
California Attorneys, Administrative Law Judges and Hearing Officers in State Employment (CASE) vs. State Compensation Insurance Fund; Los Angeles Superior Court Case No. BS131924 | ||
b. |
State Compensation Insurance Fund vs. Onvoi Business Solutions, Inc.; Select Personnel Services, Inc.; |
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c. |
State Compensation Insurance Fund vs. WCAB (Dorsett); 6th District Court of Appeal (San Jose), Case No. H036724 | ||
d. |
State Compensation Insurance Fund vs. WCAB (Garcia); 2nd District Court of Appeal (Ventura), Case No. B235258 | ||
Information/Francis Quinlan |
21. | Significant Open Audits Report and Fraud Litigation Report |
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| OPEN SESSION | February 17, 2012 @ 9:00 a.m. or upon adjournment or recess of the Closed Session, whichever is later. | ||
| Action/Lawrence Mulryan | 22. | Call to Order and Roll Call | |
| Action/Lawrence Mulryan | 23. | Approval of Executive Leadership 2011 Performance Against Plan |
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| Action/Lawrence Mulryan | 24. | Approval of Performance Awards Program | |
| Information | 25. | Proposals and Suggestions for May 17-18, 2012 Agenda | |
| Next Board of Directors Meeting: May 17-18, 2012 | |||
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.
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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. |
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