BOARD OF DIRECTORS MEETING
August 18, 2015
11:30 a.m.
Or Upon Adjournment or Recess of the
Investment Committee Meeting, Whichever is Later
State Compensation Insurance Fund
333 Bush Street, 7th floor
San Francisco, CA 94104
BOARD MEMBERS
Sheryl A. Chalupa, Chair
Robin L. Baker
Daniel M. Curtin
Marvin P. Kropke
Sen. Michael J. Machado (Ret.)
Lawrence E. Mulryan
Jack L. Neureuter
Steven L. Rank
Thomas E. Rankin
Scott K. Reid
William M. Zachry
Christine Baker (Ex-Officio)
| OPEN SESSION | August 18, 2015 @ 11:30 am |
|
| Action/Sheryl Chalupa | 1. | Call to Order and Roll Call |
| Action/Sheryl Chalupa | 2. | Antitrust Admonition |
Action/Sheryl Chalupa |
3. | Consent Calendar1 |
a. |
Approval of May 21-22, 2015 Open Meeting Minutes | |
b.
| Board Member Educational Opportunities and Approval of Planned Board Member Education and Expense Reimbursement | |
c.
| Ratification of Appointment of General Counsel | |
d.
| Appointment of Corporate Secretary and Assistant Corporate Secretary | |
e.
| Ratification of Investment Policy Statement and Guidelines | |
f.
| Approval of Retirement Resolutions (originals available for signature at meeting) |
|
g. |
Renewal of Expiring 4th Quarter Insurance Policies | |
| Information/Andreas Acker | 4. | Staffing Update |
a. |
Staffing | |
b. |
Employee Leave Balance and Usage | |
| Information/Peter Guastamachio | 5. | Financial Update – 2nd Quarter 2015 |
| Information/Vernon Steiner | 6. | President’s Report |
| 7. | Reports by the Chairs of Committee Activities | |
| Information/Lawrence Mulryan | a. |
Governance Committee |
i. |
Governance, Compliance and Privacy Update | |
| Information/Sheryl Chalupa | b. |
Audit Committee |
i. |
Update on Completed Closed Audits | |
| Information/Michael Machado | c. |
Investment Committee |
i. |
Bond Transactions and Compliance Report | |
| Information/Sheryl Chalupa | 8. | Chairwoman’s Report |
| Information/Sheryl Chalupa | 9. | Board Member Reports |
| Information/Sheryl Chalupa | 10. | Public Comment on Appropriateness of Closed Session for Items 13 through 22. |
| Information/Sheryl Chalupa | 11. | Public Comment |
CLOSED SESSION |
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| Action/Sheryl Chalupa | 12. | Approval of May 21-22, 2015 Closed Meeting Minutes |
| Action/Vernon Steiner and Peter Guastamachio | 13. | Update on Strategic Plan 2015-2017 [Government Code Section 11126 (j)(4)] |
Information/Marjorie Hutchings |
14. | Update on IT Strategic Plan [Government Code Section 11126 (j)(4)] |
Information/Ken Van Laar |
15. | Enterprise Risk Management Update [Government Code Section 11126 (j)(4)] |
Action/Ken Van Laar |
16. | Pricing Strategy Update [Government Code Section 11126 (j)(4)] |
Information/Vernon Steiner and Ken Van Laar |
17. | Underwriting Audit Review [Government Code Section 11126 (j)(4)] |
Information/Vernon Steiner |
18. | Governance Considerations Related to the Strategic Plan: Human Resources Strategic Planning [Government Code Sections 11126 (a), (j)(4)] |
a. |
Chief Claims Operations Officer Search Update | |
Information/Sheryl Chalupa |
19. | Significant Open Audits Report and Fraud Litigation Report [Government Code Sections 11126 (e), (j)(2), (3) and (4)] |
Information/Michael Machado |
20. | Financial and Investment Considerations Related to the Strategic Plan [Government Code Section 11126 (j)(4)] |
| Information/Judith Sapper | 21. | Pending and Potential Litigation [Government Code Sections 11126 (e), (j)(4)] |
a. |
Angelotti Chiropractic, Inc., et al. v. Edmund G. Brown, Jr., et al.; U.S. Court of Appeals for the Ninth Circuit, Case Nos. 13-56996, 13-57080; U.S. District Court, Central District of California (Los Angeles), Case No. SACVB-1139-GW/JEM | |
b. |
Chorn v. Brown, et al.; Second District Court of Appeal, Case No. B256117; Los Angeles Superior Court, Case No. BC528190 | |
c. |
Frances Stevens v. Outspoken Enterprises, Inc. and State Compensation Insurance Fund; First District Court of Appeal, Division One, Case No. A141435 | |
d. |
Zuniga v. Interact Trucking and State Compensation Insurance Fund; First District Court of Appeal, Division Two, Case No. A143290 | |
e. |
South Coast Framing and Redwood Fire and Casualty Company v. Workers’ Compensation Appeals Board; Supreme Court of California, Case No. S215637 | |
f. |
Norberto Arredondo v. Tri-modal Distribution Services, Inc.; State Fund; WCAB No. ADJ2440992 | |
g. |
Stacey Saunders v. Loma Linda University Medical Group; WCAB No. ADJ8107354 | |
h. |
State Compensation Insurance Fund v. Sana Ulla Khan, et al.; U.S. District Court, Central District of California, Southern Division, Case No. SACV12-01072 JST (mLGx) | |
i. |
State Compensation Insurance Fund v. Michael D. Drobot Sr., et al.; U.S. District Court, Central District of California, Southern Division, Case No. SACV13-00956 AG (CWx) | |
j. |
Pedro Acero, individually and on behalf of all others similarly situated v. State Compensation Insurance Fund; U.S. District Court, Northern District of California, Case No. 3:13-cv-04928 | |
k. |
Hablian, et al. v. Zurich, et al.; Van Nuys WCAB Case No. VNO 403 724 | |
l. |
John Lopez, et al. v. State Compensation Insurance Fund; Fresno Superior Court, Case No. 14CECG03641 | |
m. |
Electronic Waveform Lab v. EK Health Services, et al.; Los Angeles Superior Court, Case No. BC467496 | |
n. |
California Self-Insurers' Security Fund v. Blue Lake Rancheria, et al.; Sacramento County Superior Court, Case No. 34-2011-0011-2628 | |
Information/Action/Vernon Steiner and Sheryl Chalupa |
22. | Strategic Meeting [Government Code Sections 11126(a), (j)(4)] |
| OPEN SESSION | Omni Hotel, 500 California Street, San Francisco, CA 94104 |
|
| Action/Sheryl Chalupa | 23. | Call to Order and Roll Call |
| Information/Sheryl Chalupa | 24. | Proposals and Suggestions for November 19-20, 2015 Agenda |
| Next Board Meeting: November 19-20, 2015 at State Fund Corporate Office, 333 Bush Street, San Francisco, CA | ||
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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