STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS
Board of Directors Meeting
March 19, 2010
8:30 a.m. Continuing CLOSED SESSION
12:30 p.m. OPEN SESSION
Or Upon Adjournment or Recess
of the Closed Session, Whichever is Later
Auditorium, Milton Marks Conference Center
455 Golden Gate Avenue
San Francisco, CA 94102
BOARD MEMBERS
Jeanne L. Cain, Chair
Sheryl A. Chalupa
Daniel M. Curtin
John C. Duncan (Ex-Officio)
Donald E. Garcia
Sen. Michael J. Machado (Ret.)
Lawrence E. Mulryan
Francis E. Quinlan
Steven L. Rank
Thomas E. Rankin
James S. Richardson
William M. Zachry
| CLOSED SESSION | 8:30 a.m. (Continued from March 18, 2010 CLOSED SESSION) | |
| Information/James Neary, Jay Stewart, Guy Carpenter—Ryan Ogaard, Joan Lamm-Tennant | 10. | Update on Independent Valuation of Surplus [Government Code section 11126(j)(4)] |
| Action/Jeanne Cain, Andreas Acker | 11. | Personnel Matters [Government Code sections 11126(a), (j)(4)] |
| a. Interim President and CEO 2010 Performance Objectives b. Staffing Update c. Fringe Benefits | ||
| Information/ Jennifer Vargen | 12. | Marketing Strategy—Advertising and Communications [Government Code section 11126(j)(4)] |
| Information/Carol Newman, Suzanne Ah-Tye, David Freitas | 13. | Pending and Potential Litigation [Government Code sections 11126(e), (j)(4)] |
| a. State Compensation Insurance Fund v. Metropolitan West Securities LLC, et al., U.S. District Court, Northern District of California, No. CV09-2959 (JSW) | ||
| b. Poizner v. Matosantos, Sacramento Superior Court No. 34-2009-8000310 | ||
| c. California Attorneys, etc., et al. v. Arnold Schwarzenegger, etc., et al., First District Court of Appeal., Case No. A125292 | ||
| d. SEIU Local 1000, et al. v. Arnold Schwarzenegger, etc., et al., First District Court of Appeal, Case No. A126525 | ||
| Action/James Neary | 14. | Proposed Changes to State Fund’s Rating Plan Effective July 1, 2010 [Government Code section 11126(j)(4)] |
| OPEN SESSION | 12:30 p.m. or upon conclusion of Closed Session |
|
| Action/Jeanne Cain | 15. | Call to Order and Roll Call |
| Action/Jeanne Cain | 16. | Consent Calendar1 |
| a. Approval of January 21-22, 2010 Open Meeting Minutes | ||
| Attachment | ||
| b. Board Member Training Opportunities and Approval of Planned Board Member Training | ||
| Attachment | ||
| c. Approval of Retirement Resolutions Nos. 907 – 910 (Morales, Resalvo, Sheehy, Yagi) | ||
| Attachment (originals available for signature at meeting) | ||
| Information/Peter Guastamachio, Conning Asset Management | 17. | U.S. Economic Outlook/Impact on California |
| Information/Jay Stewart | 18. | Financial Update—2009 Year End Results (Oral) |
| 19. | Interim President’s Report | |
| Information/Doug Stewart | . | a. Status Update on State Fund (Oral) |
| Information/ WCIRB—Robert Mike | b. WCIRB Role in the California Workers’ Compensation Market | |
| Attachment | ||
| 20. | Committee Reports | |
| Action/Jeanne Cain | a. Governance Committee Update (Oral) | |
| (i) Report on National Search for President and CEO (ii) Update on Board Evaluation Process (iii) Process for Board Member Speeches, Articles and Press Statements (iv) Standing Board and Governance Committee Agenda Items for 2010 | ||
| Information/Frank Quinlan | b. Audit Committee Update (Oral) | |
| (i) Closed Audit Report (ii) Standing Audit Committee Agenda Items for 2010 | ||
| Information/Mike Machado | c. Investment Committee Update (Oral) | |
| (i) Standing Investment Committee Agenda Items for 2010 | ||
| Action/Peter Guastamachio, Leslie Dawe | 21. | Ratification of Investment Transactions |
| a. Bond Transactions | ||
| Attachment | ||
| b. Compliance Report | ||
| Attachment | ||
| Information/Jeanne Cain | 22. | Chair’s Report |
| Information | 23. | Board Member Reports |
| Information | 24. | Proposals and Suggestions for May, 2010 Agenda |
| Information | 25. | Public Comment |
| Next Board of Directors Meetings May 20-21, 2010 | ||
| 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. 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. |
