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STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS

BOARD OF DIRECTORS MEETING

February 22-23, 2018
1:30 p.m.

Or Upon Adjournment or Recess of the
Investment and Risk Committee Meeting, Whichever is Later

State Compensation Insurance Fund
5890 Owens Drive
Pleasanton, CA 94588

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)

AGENDA

OPEN SESSION	Thursday, February 22, 2018 @ 1:30 p.m.
Action/Sheryl Chalupa	1.	Call to Order and Roll Call

Action/Sheryl Chalupa	2.	Antitrust Admonition

Action/Sheryl Chalupa	3.	Consent Calendar¹
	Approval of November 16-17, 2017 Open Meeting Minutes Board Member Educational Opportunities and Approval of Planned Board Member Education and Expense Reimbursement Ratification of SB 272 Exempt Positions Approval of Investment and Risk Committee Charter Approval of Short-Term Investment Policy Statement and Guidelines Resolution No. 2133 and Investment Policy Statement and Guidelines Resolution No. 2127 Approval of Retirement Resolutions (originals available for signature at meeting)

Information/Sheryl Chalupa	4.	Public Comment on Appropriateness of Closed Session for Items 7 through 16

Information/Sheryl Chalupa	5.	Public Comment

CLOSED SESSION

Action/Sheryl Chalupa	6.	Approval of November 16-17, 2017 Closed Meeting Minutes

Action/Vernon Steiner and Peter Guastamachio	7.	Update on 2017-2019 Strategic Plan [Government Code Section 11126(j)(4)]

Action/Vernon Steiner and Ken Van Laar	8.	Annual Review of Dividend, Pricing, and Reserves Strategic Plan [Government Code Section 11126(j)(4)]
Action/Information/Sheryl Chalupa	9.	Human Resources Strategic Plan [Government Code Sections 11126(a), (j)(4)]
	Executive Leadership Success Profile and Talent Assessment Project Update Succession Planning 2017 Performance Awards Program Review of President and Executive Leadership 2017 Performance Against Plan Executive Compensation Review and Approval of President and Executive Leadership 2018 Performance Objectives
Information/Andreas Acker	10.	Human Resources Strategic Planning: Engagement Survey [Government Code Sections 11126(a), (j)(4)]

Information/Dante Robinson	11.	Distribution Channel Strategy [Government Code Section 11126(j)(4)]

Information/Executive Committee	12.	Operational Strategic Plan Updates [Government Code Sections 11126(e), (j)(2), (3), (4)]
	2018-2020 Strategic Plan Enterprise Risk Management Reinsurance Strategy Legislative Claims Information Technology Workplace Safety and Loss Prevention
Information/Scott Reid	13.	Significant Open Audits Report and Fraud Litigation Report [Government Code Sections 11126(e), (j)(2), (3), (4)]

Information/Michael Machado	14.	Risk, Financial and Investment Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)]

Information/Robin Baker	15.	Ad Hoc Safety and Loss Prevention Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)]

Information/Judith Sapper	16.	Pending and Potential Litigation [Government Code Sections 11126(e), (j)(4)]
	Zuniga v. Interactive Trucking; State Fund; Workers’ Compensation Appeals Board; First District Court of Appeal Division Two Case No. A143290; WCAB No. ADJ2563341 Vanguard Medical Management Billing, Inc., et al. v. Christine Baker, et al.; U.S. District Court, Central District of California, Case No. 5:17-cv-00965 GW (DTBx) State Compensation Insurance Fund v. Workers’ Compensation Appeals Board (Guzman); Sixth District Court of Appeal Case No. H044300; WCAB No. ADJ6839277 Department of Corrections and Rehabilitation v. Workers' Compensation Appeals Board (Fitzpatrick); Third District Court of Appeal Case No. C085850; WCAB No. ADJ8815575 State Compensation Insurance Fund v. Sana Ulla Khan, et al.; U.S. District Court, Central District of California, Southern Division Case No. 8:12-cv-01072 CJC-JCG (mLGx) Hablian, et al. v. Zurich, et al.; Van Nuys WCAB No. VNO 403 724; ADJ4687742 Vatche Cabayan, M.D., et al. v. State Compensation Insurance Fund; San Francisco Superior Court Case No. CGC-09-492766 Seneca Insurance Company, Inc. v. Cybernet Entertainment, LLC; Cybernet Entertainment LLC v. State Compensation Insurance Fund; U.S. District Court for the Northern District of California Case No. 4:16-CV-06554-YGR
OPEN SESSION	Friday, February 23, 2018 @ 10:30 a.m. or upon adjournment or recess of the Closed Session, whichever is later.

Action/Sheryl Chalupa	17.	Call to Order and Roll Call

Information/Andreas Acker	18.	Staffing Update
	Staffing Employee Leave Balance and Usage

Information/Peter Guastamachio	19.	Financial Update – 4th Quarter 2017

Information/Vernon Steiner	20.	President's Report

	21.	Reports by the Chairs of Committee Activities
Information/Lawrence Mulryan Information/Scott Reid Information/Michael Machado Information/Robin Baker	Governance Committee i. Governance, Compliance and Privacy Update Audit Committee i. Update on Completed Closed Audits Investment and Risk Committee i. Bond Transactions and Compliance Report Ad Hoc Safety and Loss Prevention Committee

Information/Sheryl Chalupa	22.	Chairwoman’s Report

Information/Sheryl Chalupa	23	Board Member Reports

Action/Sheryl Chalupa	24.	Approval of 2017 Performance Awards

Action/Sheryl Chalupa	25.	Approval of President and Executive Leadership 2017 Performance Against Plan and 2018 Executive Compensation

Action/Sheryl Chalupa	26.	Approval of Long-Term Incentive Plan

Information/Sheryl Chalupa	27.	Proposals and Suggestions for May 24-25, 2018 Agenda

		Next Board Meeting: May 24-25, 2018 at the State Fund Office, location to be announced.

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.

STATE COMPENSATION INSURANCE FUNDBOARD OF DIRECTORS

BOARD OF DIRECTORS MEETING

AGENDA

STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS