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STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS

BOARD OF DIRECTORS MEETING

(AMENDED)

August 29, 2017
11:30 a.m.

Or Upon Adjournment or Recess of the
Investment Committee Meeting, Whichever is Later

Napa Valley Marriott Hotel and Spa
3425 Solano Avenue
Napa, CA 94558

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)

AGENDA

OPEN SESSION	Tuesday, August 29, 2017 @ 11:30 a.m.
Action/Sheryl Chalupa	1.	Call to Order and Roll Call

Action/Sheryl Chalupa	2.	Antitrust Admonition

Action/Sheryl Chalupa	3.	Consent Calendar¹
	Approval of May 18 and 19, 2017 Open Meeting Minutes Board Member Educational Opportunities and Approval of Planned Board Member Education and Expense Reimbursement Approval of Investment Policy Statement and Guidelines Approval of Banking Resolution Approval of Retirement Resolutions (originals available for signature at meeting)

Information/Andreas Acker	4.	Staffing Update
	Staffing Employee Leave Balance and Usage

Information/Peter Guastamachio	5.	Financial Update – 2nd Quarter 2017

Information/Vernon Steiner	6.	President’s Report

	7.	Reports by the Chairs of Committee Activities
Action/Lawrence Mulryan	Governance Committee
		Governance, Compliance and Privacy Update (AMENDED)
Information/Scott Reid	Audit Committee
		Update on Completed Closed Audits
Information/Michael Machado	Investment Committee
		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 19

Information/Sheryl Chalupa	11.	Public Comment

CLOSED SESSION
Action/Sheryl Chalupa	12.	Approval of May 18 and 19, 2017 Closed Meeting Minutes

Information/Vernon Steiner and Peter Guastamachio	13.	Update on 2017-2019 Strategic Plan [Government Code Section 11126(j)(4)]

Information/Jennifer Vargen	14.	Legislative Strategic Update [Government Code Section 11126(j)(4)]

Information/Sheryl Chalupa	15.	Human Resources Strategic Plan [Government Code Sections 11126(a), (j)(4)]
	Exempts’ Compensation Update

Information/Sheryl Chalupa	16.	Significant Open Audits Report and Fraud Litigation Report [Government Code Sections 11126(e), (j)(2), (3), (4)]

Information/Michael Machado	17.	Financial and Investment Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)]

Information/Judith Sapper	18.	Pending and Potential Litigation [Government Code Sections 11126(e), (j)(4)]
	Baker v. Sierra Pacific Fleet Services et al.; State Fund; Workers’ Compensation Appeals Board; Third District Court of Appeal Case No. C080895; WCAB No. ADJ8111772 Zuniga v. Interactive Trucking; State Fund; Workers’ Compensation Appeals Board; First District Court of Appeal Division Two Case No. A143290; WCAB No. ADJ2563341 Ramirez v. The State of California Department of Health Care Services; State Fund; Workers’ Compensation Appeals Board; Third District Court of Appeal Case No. C078440; WCAB No. ADJ6821103 State Compensation Insurance Fund v. Sana Ulla Khan, et al.; U.S. District Court, Central District of California, Southern Division Case No. 8:12-cv-01072 CJC-JCG (mLGx) Hablian, et al. v. Zurich, et al.; Van Nuys WCAB No. VNO 403 724; ADJ4687742 Electronic Waveform Lab v. EK Health Services, et al.; Los Angeles Superior Court Case No. BC467496; U.S. District Court for the Central District of California Case No. 2:15-cv-08061-DMG-RAO Vatche Cabayan, M.D., et al. v. State Compensation Insurance Fund; San Francisco Superior Court Case No. CGC-09-492766 Seneca Insurance Company, Inc. v. Cybernet Entertainment, LLC; Cybernet Entertainment LLC v. State Compensation Insurance Fund; U.S. District Court for the Northern District of California Case No. 4:16-CV-06554-YGR
Information/Action/ Sheryl Chalupa and Vernon Steiner	19.	Strategic Planning Meeting [Government Code Sections 11126(a), (j)(4)]

OPEN SESSION	Thursday, August 31, 2017 @ 10:00 a.m. or upon adjournment or recess of the Closed Session, whichever is later.

Action/Sheryl Chalupa	20.	Call to Order and Roll Call

Information/Sheryl Chalupa	21.	Proposals and Suggestions for November 16-17, 2017 Agenda

		Next Board Meeting: November 16-17, 2017 at the State Fund Office, Pleasanton, 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.

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.

STATE COMPENSATION INSURANCE FUNDBOARD OF DIRECTORS

BOARD OF DIRECTORS MEETING

AGENDA

STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS