STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS MEETING
July 8 - 9, 2010
12:00 Noon
Or Upon Adjournment or Recess of the Governance and
Investment Committees Meetings, 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
| OPEN SESSION | July 8, 2010 @ 12 Noon | ||
| 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 5 thru 13 |
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| CLOSED SESSION | July 8, 2010 @ 1 p.m. | ||
| Action/Jeanne Cain | 4. | Approval of May 20-21, 2010 Closed Meeting Minutes |
|
Information/
Doug Stewart, |
5. | Update on Three Year Plan |
|
Information/
Carol Newman |
6. | Pending and Potential Litigation |
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a. |
California Attorneys, Administrative Law Judges and Hearing Officers
in State Employment et al. |
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b. |
SEIU Local 1000 et al. v. Arnold Schwarzenegger et al., |
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Information/Frank Quinlan |
7. | Significant Open Audits Report |
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Action/Jeanne Cain and |
8. | Personnel Matters |
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a. |
National Search for President and CEO |
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b. |
Workforce Plan | ||
c. |
Implementation of HR Programs | ||
d. |
Fringe Benefits | ||
e. |
Management-Labor Relations | ||
| Information/Jim Neary, Linda Hoban and Carol Newman |
9. | Loss Adjustment Expense |
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| Information/Jim Neary | 10. | Enterprise Risk Management Overview |
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| CLOSED SESSION | July 9, 2010 @ 8:30 a.m. | ||
| Information/Jim Neary and Linda Hoban |
11. | Alternative Dispute Resolution |
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| Information/Tom Clark, Diane Lawrence and John Barbieri |
12. | Group Business Strategic Plan |
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Information/Linda Hoban, |
13. | State Contracts |
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| OPEN SESSION | July 9, 2010 @ 12 noon or upon adjournment or recess of the Closed Session whichever is later | ||
| Action/Jeanne Cain | 14. | Call to Order and Roll Call | |
| Action/Jeanne Cain | 15. | Consent Calendar1 | |
a. |
Approval of May 20-21, 2010 Open Meeting Minutes Approval of June 21-23, 2010 Open Meeting Minutes |
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| Attachment | |||
| Attachment (To be handed out at the meeting) | |||
b. |
Board Member Training Opportunities and Approval of Planned Board Member Training | ||
| Attachment | |||
c. |
Renewal of Expiring 3rd Quarter Insurance Policies | ||
| Attachment | |||
d. |
Approval of Retirement Resolutions Nos. 920 – 928 (Wright, Anticevich, Balandra, Black, Mackey, Oiwa, Womble, Edora, Mosher) |
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| Attachment (originals available for signature at meeting) | |||
| Information/Peter Guastamachio | 16. | Peer Analysis on 2009 Investment Results | |
| Information/Jay Stewart | 17. | Financial Update—2nd Quarter 2010 Forecast (Oral) | |
| Information/Peter Guastamachio | 18. | U.S. Economic Outlook/Impact on California | |
| Action/Stephanie Chan | 19. | Ratification of Investment Transactions | |
a. |
Bond Transactions | ||
| Attachment | |||
b. |
Compliance Report | ||
| Attachment | |||
| Information/Doug Stewart | 20. | Interim President’s Report | |
a. |
Update on State Fund (Oral) | ||
Information/Andreas Acker |
21. | Report on Leave Accruals | |
| 22. | Committee Reports | ||
| Action/Frank Quinlan | a. |
Audit Committee Update (Oral) | |
(i) Model Audit Rule (ii) Enterprise Risk Management Controls (iii) Closed Audit Report |
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| Action/Jeanne Cain | b. |
Governance Committee Update (Oral) | |
(i) Board Evaluations (ii) Update on Award Recognition Program (iii) Board/Management October Strategic Planning Meeting |
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Information/Mike Machado |
c. |
Investment Committee Update (Oral) | |
| (i) Portfolio Results | |||
| Action/Jeanne Cain | 23. | Review and Recommendation on Board Training (Oral) | |
Information/Jeanne Cain |
24. | Chair’s Report (Oral) | |
a. |
Update on President and CEO Search (Amended) | ||
| Information | 25. | Board Member Reports (Oral) | |
| Information | 26. | Proposals and Suggestions for September, 2010 Agenda (Oral) | |
| Information | 27. | Public Comment | |
| Next Board of Directors Meetings: September 9-10, 2010 | |||
1 Items 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. | |||
