STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS
BOARD OF DIRECTORS MEETING
May 16-18, 2012
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
Sheryl A. Chalupa
Daniel M. Curtin
Donald E. Garcia
Sen. Michael J. Machado (Ret.)
Francis E. Quinlan
Steven L. Rank
Thomas E. Rankin
Scott K. Reid
William M. Zachry
Christine Baker (Ex-Officio)
| OPEN SESSION | May 17, 2012 @ 2:00 p.m. |
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| Action/Lawrence Mulryan | 1. | Call to Order and Roll Call | |
Action/Lawrence Mulryan |
2. | Antitrust Admonition | |
| Action/Lawrence Mulryan | 3. | Consent Calendar1 |
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a. |
Approval of February 16-17, 2012 Open Meeting Minutes and March 29-30, 2012 Open Meeting Minutes | ||
b. |
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c. |
Renewal of Expiring 3rd Quarter Insurance Policies | ||
d. |
Approval of Retirement Resolutions (originals available for signature at meeting) |
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| Information/Andreas Acker | 4. | Personnel Matters | |
a. |
Workforce Update | ||
b. |
Employee Leave Balance and Usage | ||
| Information/Dan Sevilla | 5. | Financial Update – 1st Quarter 2012 | |
Information/Milliman |
6. | Statement of Actuarial Opinion | |
| Information/Tom Rowe | 7. | President’s Report | |
| 8. | Reports by the Chairs of Committee Activities | ||
| Action/Information/Lawrence Mulryan | a. |
Governance Committee | |
i. |
Governance and Compliance Update |
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ii. |
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| Information/Francis Quinlan | b. |
Audit Committee |
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i. |
Update on Completed Closed Audits | ||
Action/Information/Michael Machado |
c. |
Investment Committee |
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i. |
Bond Transactions and Compliance Report |
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ii. |
Approval of Investment Policy Statement and Guidelines Resolution | ||
| Information/Lawrence Mulryan | 9. | Report by Chair of Board Activities | |
| Information | 10. | Board Member Reports | |
| Information/Lawrence Mulryan | 11. | Public Comment on Appropriateness of Closed Session for Items 14 through 22 |
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| Information/Lawrence Mulryan | 12. | Public Comment | |
| CLOSED SESSION | May 17, 2012 | ||
| Action/Lawrence Mulryan | 13. | Approval of February 16-17, 2012 Closed Meeting Minutes and March 29-30, 2012 Closed Meeting Minutes | |
| Action/Tom Rowe and Brian Watson | 14. | Government Affairs Strategic Plan [Government Code section 11126(j)(4)] |
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Information/Tom Rowe |
15. | Update on Strategic Plan [Government Code section 11126(j)(4)] |
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Information/Tom Rowe |
16. | Planning for Board Strategic Meeting [Government Code section 11126(j)(4)] |
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Information/Lawrence Mulryan and Tom Rowe |
17. | Personnel Matters [Government Code sections 11126(a), (j)(4)] |
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a. |
Staffing, Leadership and Succession Planning | ||
b. |
Performance Awards Program | ||
Information/Ken Van Laar |
18. | Independent Actuarial Reserve Report [Government Code section 11126(j)(4)] |
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| CLOSED SESSION | May 18, 2012 @ 8:30 a.m. |
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Information/Beatriz Sanchez |
19. | Update on Claims Strategic Optimization Plan [Government Code section 11126(j)(4)] |
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| Information/Shaun Coyne | 20. | Update on IT Strategic Optimization Plan [Government Code section 11126(j)(4)] |
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Information/Carol Newman |
21. | Pending and Potential Litigation [Government Code sections 11126(e), (j)(4)] |
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a. |
Vatche Cabayan, M.D. et al. vs. State Compensation Insurance Fund; San Francisco Superior Court Case No. CGC-09-492766 | ||
b. |
State Compensation Insurance Fund vs. Metropolitan West Securities LLC, et al: |
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c. |
Allied Interstate, Inc. vs. Pearson Foods Company, Inc. dba Pearson Sales Company; Pearson Foods Company, Inc. vs. State Compensation Insurance Fund; Los Angeles Superior Court No. 08B05584 | ||
d. |
State Compensation Insurance Fund vs. WCAB (Garcia); 2nd District Court of Appeal, Div. 6 (Ventura), Case No. B235258 | ||
e. |
Department of Corrections vs. WCAB (Decourcey), 4th District Court of Appeal, Div. 2 (Riverside), Case No. E054153 | ||
Information/Francis Quinlan |
22. | Significant Open Audits Report and Fraud Litigation Report |
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| OPEN SESSION | May 18, 2012 @ 9:30 a.m. or upon adjournment or recess of the Closed Session, whichever is later. | ||
| Action/Lawrence Mulryan | 23. | Call to Order and Roll Call | |
| Information/Lawrence Mulryan | 24. | Proposals and Suggestions for August 16-17, 2012 Agenda | |
| Next Board of Directors Meeting: August 16-17, 2012 | |||
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. |
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