STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS
BOARD OF DIRECTORS MEETING
July 14 - 15, 2011
2:00 p.m.
Or Upon Adjournment or Recess of the
Investment Committee Meeting, Whichever is Later
Omni San Francisco Hotel
Telegraph Hill Room – 2nd Floor
500 California Street
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 | July 14, 2011 @ 2:00 p.m. | ||
| Action/Lawrence Mulryan | 1. | Call to Order and Roll Call | |
Action/Lawrence Mulryan |
2. | Antitrust Admonition Attachment |
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| Action/Lawrence Mulryan | 3. | Consent Calendar1 |
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a. |
Approval of May 12-13, 2011 Open Meeting Minutes Attachment |
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b. |
Executive Travel Reimbursement Policy Attachment |
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c. |
Board Member Training Opportunities and Approval of Planned Board Member Training |
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d. |
Ratification of Appointment of Actuary for Actuarial Services During 2011 ~ Milliman, Inc. |
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e. |
Renewal of Expiring 2011 Third Quarter Insurance Coverage |
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f. |
Approval of Retirement Resolutions Nos. 996 ~ 1000 (Nardi, Duprey, Villafana, Dela Cruz, Butler) Attachment (originals available for signature at meeting) |
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| Information/Tony Rackauckas, Orange County District Attorney | 4. | Criminal Prosecution of Workers’ Compensation Fraud Attachment |
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| Information/Andreas Acker | 5. | Human Resources Structure and Function Attachment |
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| Information/Andreas Acker | 6. | Personnel Matters | |
a. |
Staffing Update Attachment |
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b. |
Update on Geographic Strategy | ||
| Information/Tom Rowe | 7. | President’s Report | |
a. |
State of the Market | ||
| 8. | Reports by the Chairs of Committee Activities | ||
| Information/Lawrence Mulryan | a. |
Governance Committee | |
i. |
Update on September Strategic Meeting Agenda Including Futurist Speaker |
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ii. |
2012 Board Schedule and Location Attachment |
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| Information/Francis Quinlan | b. |
Audit Committee | |
i. |
Completed Closed Audits | ||
| Action/Michael Machado | c. |
Investment Committee | |
i. |
Investment Charter |
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ii. |
Bond Transactions and Compliance Reports Attachment |
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Information/Lawrence Mulryan |
9. | Report by Chair of Board Activities | |
| Information | 10. | Board Member Reports | |
| Information | 11. | Public Comment on Appropriateness of Closed Session for Items 14 through 19 |
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| Information | 12. | Public Comment | |
| CLOSED SESSION | July 14, 2011 @ 4:00 p.m. |
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| Action/Lawrence Mulryan | 13. | Approval of May 12-13, 2011 Closed Meeting Minutes | |
Information/Tom Rowe |
14. | Update on the Strategic Plan [Government Code sections 11126(e), (j)(4)] |
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| Information/Ken Van Laar | 15. | Update on Reinsurance Structure and Strategy [Governance Code section 11126(j)(4)] |
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| CLOSED SESSION | July 15, 2011 @ 8:30 a.m. OMNI Hotel, Union Square Room – 2nd Floor |
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Information/Julie Jenkinson, |
16. | Update on Claims Strategic Optimization Plan [Government Code sections 11126(e), (j)(4)] |
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| Information/Shaun Coyne | 17. | Update on IT Strategic Optimization Plan [Government Code section 11126(j)(4)] |
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Information/Judith Sapper |
18. | Pending and Potential Litigation [Governance Code sections 11126(e), (j)(4)] |
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a. |
California Attorneys, Administrative Law Judges and Hearing
Officers in State Employment (CASE) vs. State Compensation
Insurance Fund; Los Angeles Superior Court Case No. BS131924 |
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b. |
State Compensation Insurance Fund vs. Workers’ Compensation
Appeals Board (Almaraz); F058698 (5th District Court of Appeals, writ denied 06/16/2011) |
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c. |
Baker vs. Workers’ Compensation Appeals Board (X.S.); S179194 (Supreme Court, submitted/opinion due) |
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d. |
(Lehman Brothers) State Compensation Insurance Fund vs.
Richard S. Fuld, et al.; U.S. District Court, Northern District of California, CV11-2400 EMC |
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e. |
State Compensation Insurance Fund vs. Metropolitan West
Securities, LLC and Wachovia Bank, N.A.; U.S. District Court, Northern District of California, Case No. 09-2959 |
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f. |
State Compensation Insurance Fund vs. Onvoi Business Solutions,
Inc.; Select Personnel Services, Inc.; San Francisco Superior Court Case No. CGC 07-470352 |
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g. |
State Compensation Insurance Fund vs. F. D. De Leon & Associates, et al.; Los Angeles Superior Court Case No. BC444757 |
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| Information/Francis Quinlan | 19. | Significant Open Audits Report and Fraud Litigation Report [Government Code sections 11126(e), (j)(2), (3) and (4)] |
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| OPEN SESSION | July 15, 2011 @ 10:00 a.m. or upon adjournment or recess of the Closed Session, whichever is later. OMNI Hotel, Union Square Room – 2nd Floor |
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| Action/Lawrence Mulryan | 20. | Call to Order and Roll Call | |
| Action/Lawrence Mulryan | 21. | Performance Based Retention Tool for Exempt Positions | |
| Information | 22. | Proposals and Suggestions for September, 2011 Agenda | |
Next Board of Directors Meeting: |
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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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