BOARD OF DIRECTORS MEETING
February 20-21, 2014
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
Robin Baker
Sheryl A. Chalupa
Daniel M. Curtin
Marvin Kropke
Sen. Michael J. Machado (Ret.)
Jack Neureuter
Steven L. Rank
Thomas E. Rankin
Scott K. Reid
William M. Zachry
Christine Baker (Ex-Officio)
| OPEN SESSION | Thursday, February 20, 2014 @ 2:00 pm | |
| Action/Lawrence Mulryan | 1. | Call to Order and Roll Call |
| Action/Lawrence Mulryan | 2. | Antitrust Admonition |
| Action/Lawrence Mulryan | 3. | Consent Calendar1 |
a. |
a. Approval of January 17, 2014 Open Meeting Minutes | |
b. |
Board Member Educational Opportunities and Approval of Planned Board Member Education and Expense Reimbursement | |
c. |
Recognition of Outgoing Board Member Francis E. Quinlan | |
d. |
2014 Committee Assignments | |
e. |
Governance and Compliance | |
f. |
Approval of Retirement Resolutions (originals available for signature at meeting |
|
g. |
Approval of Investment Policy Statement and Guidelines | |
| Information/Andreas Acker | 4. | Personnel Matters |
a. |
Workforce update | |
b. |
Employee Leave Balance and Usage | |
c. |
Veteran hiring | |
Information/Peter Guastamachio |
5. | Financial Update - Year End 2013 |
| Information/Rhonda Myers | 6. | Legislative Update |
| Information/David Bellusci, WCIRB | 7. | SB 863 Update – WCIRB Perspective |
| Information/Carol Newman | 8. | Interim President’s Report |
| 9. | Reports by the Chairs of Committee Activities | |
| Action/Lawrence Mulryan | a. |
Governance Committee |
i. |
Recommendation on Board Continuing Education for April 3-4, 2014 | |
| Information/Sheryl Chalupa | b. |
Audit Committee |
i. |
Update on Completed Closed Audits | |
| Action/Michael Machado | c. |
Investment Committee |
i. |
Bond Transactions and Compliance Report | |
| Information/Lawrence Mulryan | 10. | Chairman's Report |
| Information | 11. | Board Member Reports |
| Information/Lawrence Mulryan 12 & 13 | 12. | Public Comment on Appropriateness of Closed Session for items 15 through 24. |
| Information/Lawrence Mulryan | 13. | Public Comment |
CLOSED SESSION |
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| Action/Lawrence Mulryan | 14. | Approval of January 17, 2014 Closed Meeting Minutes |
| Information/Carol Newman and Peter Guastamachio |
15. | Update on Strategic Plan 2013-2015 [Government Code Section 11126 (j)(4)] |
| Information/Lawrence Mulryan, Carol Newman and Andreas Acker |
16. | Governance Considerations Related to the Strategic Plan: Human Resources Strategic Planning [Government Code Sections 11126 (a), (j)(4)] |
a. |
Strategic Governance Committee and Improvement Management Office | |
b. |
Engagement Survey | |
c. |
Executive Search Update | |
| Information/Beatriz Sanchez | 17. | Update on Claims Strategic Optimization Plan [Government Code Section 11126 (j)(4)] |
| CLOSED SESSION | Friday, February 21, 2014 @ 8:30 am | |
| Information/Marjorie Hutchings | 18. | Update on IT Strategic Optimization Plan [Government Code Section 11126 (j)(4)] |
| Information/Ken Van Laar | 19. | Enterprise Risk Management Update [Government Code Section 11126 (j)(4)] |
| Information/Ken Van Laar | 20. | Loss and Loss Adjustment Expense Reserves [Government Code Section 11126 (j)(4)] |
| Information/Darlyn Regan and Len Welsh |
21. | Workplace Safety Strategy [Government Code Section 11126 (j)(4)] |
| Information/Sheryl Chalupa | 22. | Significant Open Audits Report and Fraud Litigation Report [Government Code Sections 11126(e), (j)(2), (3) and (4)] |
| Information/Michael Machado | 23. | Financial and Investment Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)] |
| Information/Lisa Stolzy | 24. | 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. District Court for the Central District of California (Los Angeles), Case No. SACVB-1139-GW (JEM). | |
b. |
CHORN v. BROWN, et al., U.S. District Court for the Central District of California (Los Angeles) Case No. CV13-06519-GW(JEMx) and Los Angeles Superior Court Case No. BC528190. | |
c. |
KANCILIA v. BROWN, et al., U.S. District Court for the Southern District of California Case No. CV13-02737 and San Diego Superior Court Case No. 37-2013-00076513-CU. | |
d. |
(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). | |
e. |
(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. | |
f. |
(LEHMAN BROTHERS) STATE COMPENSATION INSURANCE FUND v. RICHARD S. FULD, et al.; U.S. District Court, Southern District of New York, Case No. CV11-2400 EMC. | |
g. |
SEWELL (ANDREA), CONRAD SILVA and EDITH VIERA v. STATE COMPENSATION INSURANCE FUND; U.S. District Court, Northern District of California, Case No. C13-0588. | |
h. |
HABLIAN, et al. v. ZURICH, et al.; Van Nuys WCAB Case No. VNO 403 724 | |
| OPEN SESSION | February 21, 2014 @ 9:30 or upon adjournment or recess of the Closed Session, whichever is later | |
| Action/Lawrence Mulryan | 25. | Call to Order and Roll Call |
| Information/Lawrence Mulryan | 26. | Proposals and Suggestions for May 15-16, 2014 Agenda |
| Next Board Meeting: May 15-16, 2014 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. | ||
