Board of Directors Meeting
March 13, 2009, 8:00 a.m. – 5 p.m.
Auditorium
Milton Marks Conference Center
455 Golden Gate Ave.
San Francisco, CA 94102
BOARD MEMBERS
Jeanne L. Cain, Chair
Sheryl A. Chalupa
Daniel M.Curtin
Senator Michael J.Machado
Vincent E. Mudd
Francis E. Quinlan
Steven L. Rank
(Ex-officio)
John Duncan
| Action/Jeanne Cain | 1. | Call to Order and Roll Call |
| Information/Jeanne Cain | 2. | Antitrust Admonition |
| Attachment | ||
| 3. | Public Comment on Appropriateness of Closed Session for Items 4 through 9. | |
| CLOSED SESSION |
8:00 a.m. | |
| Information/ Becky Wanta, Harrison Jerome |
4. | IT and Capital Project Updates (Government Code section 11126(j)(4)) |
| Information/Conning | 5. | Portfolio Results & Investment Strategy (Government Code section 11126(j)(4)) |
| Information/Jay Stewart | 6. | Financial Results and Competitive Strategy (Government Code section 11126(j)(4)) |
| Action/Jim Neary | 7. | Development of 2009 Longshore & Harbor Rates (Government Code section 11126(j)(4)) |
| Information/Francis Quinlan | 8. | Audit Update (Government Code sections 11126(j)(2), (3), and (4)) |
| Action/Jeanne Cain | 9. | Personnel Matters including CEO’s 2008 Performance and Identification of 2009 Performance Objectives (Government Code section 11126(a)) |
| OPEN SESSION | 11:00 a.m. | |
| Action/Jeanne Cain | 10. | Call to Order and Roll Call |
| Action/Jeanne Cain | 11. | Antitrust Admonition |
| Attachment | ||
| Information/Jeanne Cain | 12. | Introduction of Guests |
| Action/Jeanne Cain | 13. | Consent Calendar1 |
| a. Approval of Minutes of January 15 - 16, 2009 Meeting of Board | ||
| Attachment | ||
| b. Retirement Resolutions Nos. 862 - 865 | ||
| Attachment (originals available for signature at meeting) | ||
| Information/Conning | 14. | Year End Portfolio Review & Impact of California and U.S. Economic Outlook (Oral) |
| Information/Jay Stewart | 15. | 2008 Year End Results (Oral) |
| Action/Jay Stewart, Peter Guastamachio | 16. | Ratification of Investment Transactions |
| a. Bond Transactions | ||
| Attachment | ||
| b. Short-Term Investment Transactions | ||
| Attachment | ||
| c. Compliance Report | ||
| Attachment | ||
| Information | 17. | Committee Reports |
| Information/Francis Quinlan | a. Completed Audit Report (Oral) | |
| Information/Vincent Mudd | b. Investment Committee Update (Oral) | |
| Action/Jeanne Cain | c. Governance Committee Update: | |
|
(i) Approval of Audit, Governance, and Investment Charters | ||
| Attachment | ||
|
(ii) Approval of Board Orientation Manual | ||
| Attachment | ||
|
(iii) Approval of Board Training Program | ||
| Attachment | ||
| Information/Janet Frank, WCIRB | 18. | President’s Report |
| Dave Bellusci | a. Workers’ Compensation Insurance Rating Bureau: California Experience Rating Plan Overview | |
| Attachment | ||
| Action/Jeanne Cain | 19. | Chair’s Report & Recruitment of New Board Members (Oral) |
| Information | 20. | Board Member Reports (Oral) |
| Information | 21. | Proposals and suggestions for May 15, 2009 Agenda (Oral) |
| Information | 22. | Public Comment |
| Next Board Meeting May 14, 2009 at 4:00 pm & March 15, 2009, at 8:30 a.m. | ||
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. Public comment will be limited to three (3) minutes per speaker and ten (10) minutes per subject item.
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.
