Board of Directors Meeting
May 15, 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
Thomas E. Rankin
(Ex-officio)
John Duncan
OPEN SESSION | 8:00 a.m. | |
Action/Jeanne Cain | 1. | Call to Order, Roll Call, and Introductions |
Information/Jeanne Cain | 2. | Antitrust Admonition |
Attachment | ||
3. | Public Comment on Appropriateness of Closed Session for Items 4 through 9. | |
CLOSED SESSION |
| |
Action/Jeanne Cain | 4. | President’s 2009 Strategic Performance Plan Objectives [Government Code section 11126(a)(1), (j)(4)] |
Information/Guy Avagliano-Milliman Inc. Jim Neary | 5. | Independent Actuarial Reserve Opinion and Impact on Rates [Government Code section 11126(j)(4)] |
Information/Jim Neary | 6. | Loss Adjustment Expense [Government Code section 11126(j)(4)] |
Action/Jim Neary | 7. | July 1, 2009 Rate Recommendation [Government Code section 11126(j)(4)] |
Information/Jim Neary | 8. | New Marketing Initiative [Government Code section 11126(j)(4)] |
Information/Ray Torino, Roubart Capcap |
9. | Secured Board Communication Demo (SEIPP) [Government Code section 11126(j)(4)] |
OPEN SESSION | 11:00 a.m. | |
Action/Jeanne Cain | 10. | Call to Order, Roll Call, and Introductions |
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 March 12-13, 2009 & April 16-17, 2009 Meetings of Board | ||
Attachment | ||
b. Renewal of Expiring 3rd Quarter Insurance Policies | ||
Attachment | ||
c. Retirement Resolutions Nos. 866 – 870 | ||
Attachment (originals available for signature at meeting) | ||
Information/ Guy Avagliano-Milliman Inc. |
14. | Presentation of Independent Actuarial Reserve Opinion (Oral) |
Information/Jay Stewart | 15. | Financial Update—1st Quarter 2009 |
Attachment | ||
Information | 16. | Committee Reports |
Information/Frank Quinlan | a. Audit Committee Update (Oral) | |
Information/Vince Mudd | b. Investment Committee Update (Oral) | |
Information/Jeanne Cain | c. Governance Committee Update (Oral) | |
Action/Peter Guastamachio | 17. | Ratification of Investment Transactions |
a. Bond Transactions | ||
Attachment | ||
b. Short-Term Investment Transactions | ||
Attachment | ||
c. Compliance Report | ||
Attachment | ||
Information/Janet Frank | 18. | President’s Report |
a. Status Update (Oral) | ||
b. Real Estate Update (Oral) | ||
c. Chief Information Technology Officer Replacement (Oral) | ||
Information/Connie Raiche, Janet Rowlett, Theresa Casillas |
d. Return to Work | |
Attachment | ||
Action/Jeanne Cain | 19. | Chair’s Report / Committee Assignments (Oral) |
Information | 20. | Board Member Reports (Oral) |
Information | 21. | Proposals and suggestions for July 10, 2009 Agenda (Oral) |
Information | 22. | Public Comment |
Next Board Meeting July 9, 2009 at 4:00 pm & July 10, 2009, at 8:00 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.