BOARD OF DIRECTORS MEETING
February 19-20, 2015
2:00 p.m.
Or Upon Adjournment or Recess of the
Investment Committee Meeting, Whichever is Later
State Compensation Insurance Fund
333 Bush Street, 7th floor
San Francisco, CA 94104
BOARD MEMBERS
Sheryl A. Chalupa, Chair
Robin L. Baker
Daniel M. Curtin
Marvin P. Kropke
Sen. Michael J. Machado (Ret.)
Lawrence E. Mulryan
Jack L. Neureuter
Steven L. Rank
Thomas E. Rankin
Scott K. Reid
William M. Zachry
Christine Baker (Ex-Officio)
| OPEN SESSION | Thursday, February 19, 2015 @ 2:00 pm | |
| Action/Sheryl Chalupa | 1. | Call to Order and Roll Call |
| Action/Sheryl Chalupa | 2. | Antitrust Admonition |
Action/Sheryl Chalupa |
3. | Consent Calendar1 |
a. |
Approval of November 20-21, 2014 and January 7, 2015 Open Meeting Minutes | |
b.
| Board Member Educational Opportunities and Approval of Planned Board Member Education and Expense Reimbursement | |
c.
| Legislative Update | |
d.
| Approval of Retirement Resolutions (originals available for signature at meeting) |
|
| Information/Andreas Acker | 4. | Staffing Update |
a. |
Staffing | |
b. |
Employee Leave Balance and Usage | |
| Information/Peter Guastamachio | 5. | Financial Update – Year End 2014 |
| Information/Vernon Steiner | 6. | President’s Report |
| 7. | Reports by the Chairs of Committee Activities | |
| Information/Lawrence Mulryan | a. |
Governance Committee |
i. |
Governance, Compliance and Privacy Update | |
| Information/Sheryl Chalupa | b. |
Audit Committee |
i. |
Update on Completed Closed Audits | |
| Information/Michael Machado | c. |
Investment Committee |
i. |
Bond Transactions and Compliance Report | |
| Information/Sheryl Chalupa | 8. | Chairwoman’s Report |
| Information | 9. | Board Member Reports |
| Information/Sheryl Chalupa | 10. | Public Comment on Appropriateness of Closed Session for items 13 through 20. |
| Information/Sheryl Chalupa | 11. | Public Comment |
CLOSED SESSION |
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| Action/Sheryl Chalupa | 12. | Approval of November 20-21, 2014 and January 7, 2015 Closed Meeting Minutes |
| Information/Vernon Steiner and Peter Guastamachio |
13. | Update on Strategic Plan 2014-2016 [Government Code Section 11126 (j)(4)] |
| Action/Vernon Steiner and Andreas Acker |
14. | Governance Considerations Related to the Strategic Plan: Human Resources Strategic Planning [Government Code Section 11126 (a), (j)(4)] |
a. |
Human Resources Strategy | |
b. |
Engagement Survey | |
c. |
2014 Performance Awards Program | |
d. |
Review of President and Executive Leadership 2014 Performance Against Plan | |
e. |
Executive Compensation | |
f. |
Review and Approval of President and Executive Leadership 2015 Performance Objectives | |
| CLOSED SESSION | Friday, February 20, 2015 |
|
Information/Beatriz Sanchez |
15. | Update on Claims Strategic Plan [Government Code Section 11126 (j)(4)] |
Information/Marjorie Hutchings |
16. | Update on IT Strategic Plan [Government Code Section 11126 (j)(4)] |
Information/Ken Van Laar |
17. | Enterprise Risk Management Update [Government Code Section 11126 (j)(4)] |
| Information/Sheryl Chalupa | 18. | Significant Open Audits Report and Fraud Litigation Report [Government Code Sections 11126(e), (j)(2), (3) and (4)] (Discussion) |
| Information/Michael Machado | 19. | Financial and Investment Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)] |
| Information/Judith Sapper | 20. | Pending and Potential Litigation [Government Code Sections 11126(e), (j)(4)] |
a. |
ANGELOTTI CHIROPRACTIC INC., et al. v. EDMUND G. BROWN, JR., et al.; U.S. Court of Appeals for the Ninth Circuit Case No. 13-56996; 13-57080 | |
b. |
ROBIN CHORN, M.D. v. EDMUND G. BROWN, JR., et al.; Second District Court of Appeal Case No. B256117 | |
c. |
DUBON v. WORLD RESTORATION INC. AND STATE FUND; Fourth District Court of Appeal Div Three Case No. G051017 | |
d. |
FRANCES STEVENS v. OUTSPOKEN ENTERPRISES; STATE FUND; WORKERS’ COMPENSATION APPEALS BOARD; ADMINISTRATIVE DIRECTOR OF THE DIVISION OF WORKERS’ COMPENSATION First District Court of Appeal Division One Case No. A141435 | |
e. |
ZUNIGA v. INTERACT TRUCKING AND STATE FUND; First District Court of Appeal Div Two Case No. A143290 | |
f. |
ACCESS MEDIQUIP v. RCD PAINTING AND STATE FUND; Fourth District Court of Appeal Div One Case No. D067196 | |
g. |
(KHAN, ZAKS) STATE COMPENSATION INSURANCE FUND v. SANA ULLAH KHAN, ALEXANDER ZAKS, BRUCE MC INTYRE ROTH et al.; U.S. District Court, Central District of California, Case No. SACV12-01072 JST (MLGx) | |
h. |
PACIFIC HOSPITAL LONG BEACH); STATE COMPENSATION INSURANCE FUND v. MICHAEL D. DROBOT SR. et al.; U.S. District Court, Central District of California, Case No. 8:13-CV-00956-AG-CW | |
i. |
SEWELL (ANDREA), CONRAD SILVA and EDITH VIERA v. STATE COMPENSATION INSURANCE FUND; U.S. District Court, Northern District of California, Case No. C13-0588 | |
j. |
ACERO (PEDRO) individually and on behalf of all others similarly situated v. STATE COMPENSATION INSURANCE FUND; U.S. District Court, Northern District of California, Case No. 3:13-cv-04928 | |
k. |
LOPEZ (JOHN), et al. v. STATE COMPENSATION INSURANCE FUND; Fresno Superior Court Case No. 14CECG03641 | |
l. |
CALIFORNIA SELF-INSURERS’ SECURITY FUND v. BLUE LAKE RANCHERIA et al.; Sacramento County Superior Court Case No. 34-2011-0011-2628 | |
| OPEN SESSION | February 20, 2015 @ 9:30 am or upon adjournment or recess of the Closed Session, whichever is later |
|
| Action/Sheryl Chalupa | 21. | Call to Order and Roll Call |
| Action/Sheryl Chalupa | 22. | Approval of Performance Awards |
Action/Sheryl Chalupa |
23. | Approval of President and Executive Leadership 2014 Performance Against Plan and 2015 Executive Compensation |
Information/Sheryl Chalupa |
24. | Proposals and Suggestions for May 21-22, 2015 Agenda |
| Next Board Meeting: May 21-22, 2015 at State Fund Corporate Office, 333 Bush Street, San Francisco, CA | ||
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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