STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS
BOARD OF DIRECTORS MEETING
November 15-16, 2012
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
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 | Thursday, November 15, 2012 @ 2 p.m. |
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| Action/Lawrence Mulryan | 1. | Call to Order and Roll Call | |
Action/Lawrence Mulryan |
2. | Antitrust Admonition | |
| Action/Lawrence Mulryan | 3. | Consent Calendar1 |
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a. |
Approval of August 16-17, 2012 and October 4-5, 2012 Open Meeting Minutes | ||
b. |
Board Member Educational Opportunities and Approval of Planned Board Member Education and Expense Reimbursement | ||
c. |
Renewal of Expiring January 2013 Insurance Coverage | ||
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 | ||
| Information/ Dan Sevilla | 5. | Financial Update – 3rd Quarter 2012 (amended) | |
Information/Tom Rowe |
6. | President’s Report | |
| 7. | Reports by the Chairs of Committee Activities | ||
| Action/Information/Lawrence Mulryan | a. |
Governance Committee | |
i. |
Governance and Compliance Update | ||
ii. |
Board Member Education and Travel Expense Reimbursement Policy Update | ||
iii. |
Approval of 2013 Board & Committee Meeting Schedule and 2013 Board & Committee Agenda Items | ||
iv. |
Board and Committee Effectiveness | ||
| Action/Information/Francis Quinlan | b. |
Audit Committee | |
i. |
Update on Completed Closed Audits | ||
| Action/Information/Michael Machado | c. |
Investment Committee | |
i. |
Bond Transactions and Compliance Report | ||
ii. |
Approval of Investment Policy Statement and Guidelines | ||
Information/Lawrence Mulryan |
8. | Chairman’s Report | |
Information |
9. | Board Member Reports | |
| Information/Lawrence Mulryan | 10. | Public Comment on Appropriateness of Closed Session for Items 13 through 21. | |
| Information/Lawrence Mulryan | 11. | Public Comment | |
| CLOSED SESSION | Thursday, November 15, 2012 | ||
| Action/Lawrence Mulryan | 12. | Approval of August 16-17, 2012 and October 4-5, 2012 Closed Meeting Minutes | |
| Action/Information/Tom Rowe and Lawrence Mulryan | 13. | Human Resources Strategic Planning [Government Code section 11126(a), (j)(4)] |
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a. |
Performance Awards | ||
b. |
Review of Executive Leadership 2012 Performance Against Plan | ||
c. |
Staffing, Leadership and Succession Planning | ||
d. |
Preliminary Review of President’s 2013 Performance Objectives | ||
e. |
Performance Based Retention Program | ||
| Information/Marjorie Hutchings | 14. | Update on IT Strategic Optimization Plan [Government Code section 11126(j)(4)] |
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Information/John Hueston |
15. | Best Practices for Risk Oversight: Lessons Learned from Enron and Lehman Brothers [Government Code sections 11126(e), (j)(4)] |
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| CLOSED SESSION | Friday, November 16, 2012 | ||
| Information/Beatriz Sanchez | 16. | Update on Claims Strategic Optimization Plan [Government Code section 11126(j)(4)] |
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| Action/Brian Watson and Tom Rowe | 17. | Government Affairs Strategic Plan [Government Code section 11126(j)(4)] |
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| Action/Tom Rowe and Dan Sevilla | 18. | Strategic Plan 2013-2015 [Government Code section 11126(j)(4)] |
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| Action/Ken Van Laar and Dan Sevilla | 19. | Reinsurance Proposal [Government Code section 11126(j)(4)] |
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| Information/Carol Newman, Judith Sapper and Don Clark | 20. | Pending and Potential Litigation [Government Code sections 11126(e), (j)(4)] |
|
a. |
State Compensation Insurance Fund vs. Metropolitan West Securities LLC, et al: U.S. District Court for the Northern District of California, Case No. CV 09-02959 JSW (EDL) | ||
b. |
State Compensation Insurance Fund vs. Sana Ulla Khan, et al.; U.S. District Court, Central District of California, Southern Division Case No. SACV12-01072 JST (mLGx) | ||
c. |
State Compensation Insurance Fund vs. Onvoi Business Solutions, Inc.; Select Personnel Services, Inc.; San Francisco Superior Court Case No. CGC 07-470352 | ||
d. |
Valdez vs. WCAB, California Supreme Court, Case No. S204387 | ||
e. |
State Compensation Insurance Fund vs. Richard Fuld, et al. (Lehman Brothers); Multidistrict Litigation Case No. CAN/3:11-cv-02400, Southern District of New York | ||
Information/Francis Quinlan |
21. | Significant Open Audits Report and Fraud Litigation Report [Government Code sections 11126(e), (j)(2), (3) and (4)] |
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| OPEN SESSION | November 16, 2012 @ 10:30 a.m. or upon adjournment or recess of the Closed Session, whichever is later. | ||
| Action/Lawrence Mulryan | 22. | Call to Order and Roll Call | |
| Action/Lawrence Mulryan | 23. | Performance Awards Program | |
| Action/Lawrence Mulryan | 24. | Approval of Executive Leadership 2012 Performance Against Plan | |
| Information/Lawrence Mulryan | 25. | Proposals and Suggestions for February 14-15, 2013 Agenda | |
| Next Board of Directors Meeting: February 14-15, 2013 |
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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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