BOARD OF DIRECTORS MEETING
November 14-15, 2013
2:00 p.m.
Or Upon Adjournment or Recess of the
Investment Committee Meeting, Whichever is Later
State Compensation Insurance Fund Office
333 Bush Street, 7th floor
San Francisco, CA 94104
BOARD MEMBERS
Lawrence E. Mulryan, Chair
Robin Baker
Sheryl A. Chalupa
Daniel M. Curtin
Marvin Kropke
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 | Thursday, November 14, 2013@ 2:00 p.m. | |
| Action/Lawrence Mulryan | 1. | Call to Order and Roll Call |
| Action/Lawrence Mulryan | 2. | Antitrust Admonition |
| Action/Lawrence Mulryan | 3. | Consent Calendar1 |
a. |
Approval of August 14-16, 2013 Open Meeting Minutes | |
b. |
Board Member Educational Opportunities and Approval of Planned Board Member Education and Expense Reimbursement | |
c. |
Authorization to Secure a Renewal Workers’ Compensation Program effective January 1, 2014 | |
d. |
Approval of Retirement Resolutions (originals available for signature at meeting) |
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| Information/Andreas Acker | 4. | Personnel Matters |
a. |
Workforce update | |
b. |
Employee Leave Balance and Usage | |
c. |
Veteran hiring | |
| Information/Dan Sevilla | 5. | Financial Update - 3rd Quarter 2013 |
| Information/Rhonda Myers | 6. | Legislative Update |
| Information/Tom Rowe | 7. | President’s Report |
| 8. | Reports by the Chairs of Committee Activities | |
| Action/Information/Lawrence Mulryan | a. |
Governance Committee |
i. |
Governance and Compliance Update | |
ii. |
Approval of 2014 Board and Committee Meeting Schedule and 2014 Board and Committee Agenda Items | |
| Information/Frank Quinlan | b. |
Audit Committee |
i. |
Update on Completed Closed Audits | |
| Action/Michael Machado | c. |
Investment Committee |
i. |
Bond Transactions and Compliance Report | |
ii. |
Approval of Investment Policy Statement and Guidelines | |
| Information/Lawrence Mulryan | 9. | Chairman's Report |
| Information | 10. | Board Member Reports |
| Information/Lawrence Mulryan | 11. | Public Comment on Appropriateness of Closed Session for items 14 through 26. |
| Information | 12. | Public Comment |
CLOSED SESSION |
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| Action/Lawrence Mulryan | 13. | Approval of August 14-16, 2013 Closed Meeting Minutes |
| Action/Tom Rowe and Dan Sevilla | 14. | Strategic Plan 2014-2016 [Government Code Section 11126 (j)(4)] |
| Action/Ken Van Laar | 15. | Review and Approval of Rate Filing Strategy
[Government Code Section 11126 (j)(4)] |
| Action/Ken Van Laar | 16. | 2013 Dividend Evaluation [Government Code Section 11126 (j)(4)] |
| Action/Ken Van Laar | 17. | Reinsurance Strategy Update [Government Code Section 11126 (j)(4)] |
| Information/Tom Rowe and Dan Sevilla | 18. | Governance Considerations Related to the Strategic Plan: Human Resources Strategic Planning [Government Code Sections 11126 (a), (j)(4)] |
a. |
Business Transformation - Project Delivery | |
b. |
Performance Awards Program | |
c. |
Staffing, Leadership and Succession Planning | |
d. |
Preliminary Review of President's 2014 Performance Objectives | |
| CLOSED SESSION | Friday, November 15, 2013 @8:30 a.m. | |
| Information/Beatriz Sanchez | 19. | Update on Claims Strategic Optimization Plan [Government Code Section 11126 (j)(4)] |
| Information/Marjorie Hutchings | 20. | Update on IT Strategic Optimization Plan [Government Code Section 11126 (j)(4)] |
| Information/Lawrence Mulyan | 21. | Board and Committee Strategic Effectiveness [Government Code Section 11126 (j)(4)] |
| Information/Ken Van Laar | 22. | Enterprise Risk Management Update [Government Code Section 11126 (j)(4)] |
| Information/Len Welsh | 23. | Injury and Loss Prevention Program Strategy Update [Government Code Section 11126 (j)(4)] |
| Information/Frank Quinlan | 24. | Significant Open Audits Report and Fraud Litigation Report [Government Code Sections 11126(e), (j)(2), (3) and (4)] |
| Information/Michael Machado | 25. | Financial and Investment Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)] |
| Information/Carol Newman | 26. | 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. District Court for the Central District of California (Los Angeles), Case No. SACVB-1139-GW/JEM. | |
b. |
State Compensation Insurance Fund v. Sana Ullah Kahn et al.; U.S. District Court, Central District of California, SACV12-01072 JST (MLGx) | |
c. |
State Compensation Insurance Fund v. Michael D. Drobot Sr. et al. (Pacific Hospital Long Beach); U.S. District Court, Central District of California, 8:13-CV-00956-AG-CW | |
d. |
State Compensation Insurance Fund v. Richard S. Fuld, et al. (Lehman Brothers); U.S. District Court, Northern District of California, CV11-2400 EMC | |
e. |
Andrea Sewell, et al. v. State Compensation Insurance Fund; U.S. District Court, Northern District of California, C13-0588 | |
f. |
Jack Hablian, et al. v. State Compensation Insurance Fund; Van Nuys Workers’ Compensation Appeals Board (VNO 403 724) | |
| OPEN SESSION | November 15, 2013 @ 9:30 or upon adjournment or recess of the Closed Session, whichever is later | |
| Action/Lawrence Mulryan | 27. | Call to Order and Roll Call |
| Action/Lawrence Mulryan | 28. | Appointment of Chief Claims Operations Officer, Chief Medical Officer and Chief of Internal Affairs |
| Action/Lawrence Mulryan | 29. | Approval of Medicare Set Aside Agreement |
| Information/Lawrence Mulryan | 30. | Proposals and Suggestions for February 20, 2014 Agenda |
| Next Board Meeting: February 20, 2014 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. | ||
