Board of Directors Meeting
September 11, 2009
8:30 a.m. Continuing CLOSED SESSION
12:30 p.m. OPEN SESSION
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
Sen. Michael J. Machado (Ret.)
Vincent E. Mudd
Francis E. Quinlan
Steven L. Rank
Thomas E. Rankin
(Ex-officio)
John C. Duncan
| CLOSED SESSION | 8:30 a.m. (Continued from September 10, 2009 CLOSED SESSION) | |
| Information/Doug Stewart | 10. | Marketing Plan Update [Government Code section 11126(j)(4)] |
|
Action/Doug Stewart |
11. | Safety and Security of Personnel [Government Code section 11126(c)(18)(A)] |
| Action/Jan Frank,Peter Guastamachio, Jay Stewart | 12. | Information Technology Strategy Update [Government Code section 11126(j)(4)] |
| Information/Carol Newman, Randall Keen | 13. | Pending and Potential Litigation [Government Code sections 11126(e)(1)(2)(B)(C), (j)(4)] |
| Information/Jan Frank, Andreas Acker | 14. | Current Economy and Structural Constraints for State Fund [Government Code section 11126(j)(4)] |
| OPEN SESSION |
12:30 p.m. | |
| Action/Vincent Mudd | 15. | Call to Order and Roll Call |
| 16. | Antitrust Admonition | |
| Attachment | ||
| 17. | Consent Calendar1 | |
|
a. |
Approval of July 9-10, 2009 Open Meeting Minutes; | |
| Attachment | ||
| Approval of July 20, 2009 Open Meeting Minutes; | ||
| Attachment | ||
| Approval of July 31, 2009 Open Meeting Minutes; | ||
| Attachment | ||
| Approval of August 25, 2009 Open Meeting Minutes | ||
| Attachment | ||
|
b. |
Renewal of Expiring October/November 2009 Insurance Coverage | |
| Attachment | ||
|
c. |
Approval of Retirement Resolutions Nos. 878 – 880 (Higginbotham, Garcia, McKissock) | |
| Attachment (originals available for signature at meeting) | ||
| Information/Jay Stewart | 18. | Financial Update—2nd Quarter 2009 (Oral) |
| Information/Peter Guastamachio, General Re-New England Asset Management | 19. | Market Outlook and Economic Update |
| Added Attachment | ||
| 20. | Committee Reports | |
| Information/Frank Quinlan |
a. |
Completed Audit Report (Oral) |
| Information/Vincent Mudd |
b. |
Investment Committee Update (Oral) |
| Information/Sheryl Chalupa |
c. |
Governance Committee Update (Oral) |
| Action/Peter Guastamachio, Leslie Dawe | 21. | Ratification of Investment Transactions |
|
a. |
Bond Transactions | |
| Attachment | ||
|
b. |
Short-Term Investment Transactions | |
| Attachment | ||
|
c. |
Compliance Report | |
| Attachment | ||
| Action/Sheryl Chalupa, Carol Newman | 22. | Board Education and Travel Reimbursement Policy |
| Amended Attachment | ||
| Action/Sheryl Chalupa, Andreas Acker | 23. | Discretionary Reward and Recognition Programs |
| Attachment | ||
| Information/Sheryl Chalupa, Teresa Smiley | 24. | Board Strategic Meeting Agenda and Plans |
| Attachment | ||
| Action/Carol Newman | 25. | Amendment to By-Laws |
| 26. | President’s Report | |
| Information/Jan Frank |
a. |
Status Update on State Fund (Oral) |
| Information/Jan Frank |
b. |
Chief Information Technology Officer Replacement (Oral) |
| Action/Vincent Mudd | 27. | Chair’s Report / Committee Assignments (Oral) |
| Information | 28. | Board Member Reports (Oral) |
| Information/Vincent Mudd | 29. | Proposals and Suggestions for November, 2009 Agenda (Oral) |
| Information | 30. | Public Comment |
| 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. | ||
|
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. Public comment will be limited to three (3) minutes per speaker and ten (10) minutes per subject item. | ||
