STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS
Ad Hoc Investment Committee
July 19, 2016
11:00 am
Or Upon Adjournment or Recess of the
Governance Committee Meeting, Whichever is Later
State Compensation Insurance Fund
333 Bush Street, 7th floor
San Francisco, CA 94104
COMMITTEE MEMBERS
Sen. Michael J. Machado (Ret.), Chair
Marvin P. Kropke
Jack L. Neureuter
William M. Zachry
| OPEN SESSION | July 19, 2016 @ 11:00 am |
|
| Action/Michael Machado | 1. | Call to Order and Roll Call |
| Action/Michael Machado | 2. | Antitrust Admonition |
| Action/Michael Machado | 3. | Consent Calendar1 |
a. |
Approval of February 18, 2016 Open Meeting Minutes | |
b. |
Approval of Investment Transactions | |
| i. Bond Transactions | ||
| ii. Compliance Report | ||
c. |
Annual Review of Investment Committee Charter | |
| Information/Michael Machado | 4. | Public Comment on Appropriateness of Closed Session for Items 6 and 8. |
| Information/ Michael Machado | 5. | Public Comment |
| CLOSED SESSION | ||
| Information/BlackRock Investment Management, LLP | 6. | Alternative Green Socially Responsible Investment Options [Government Code Section 11126(j)(4)] |
| Action/Michael Machado | 7. | Approval of February 18, 2016 Closed Meeting Minutes |
| Information/Michael Machado and Peter Guastamachio | 8. | Financial and Investment Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)] |
| a. Thermal Coal Investments | ||
| b. Annual Review of Investment Policy Statement and Guidelines Strategic Discussion | ||
| OPEN SESSION | 12:00 noon or upon adjournment or recess of the Closed Session, whichever is later. | |
| Action/Michael Machado | 9. | Call to Order and Roll Call |
| Action/Michael Machado | 10. | Approval of Investment Policy Statement and Guidelines |
| Next Committee Meeting: July 27, 2016 at The Renaissance Lodge at Sonoma, 1325 Broadway, Sonoma, CA | ||
|
1Items on the Investment Committee Consent Calendar include routine actions and will be enacted by one motion and one vote. There will be no separate discussion of these items unless a Committee Member or the public so requests. It is in the Committee’s discretion to remove items from the Investment Committee 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 Committee 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 Committee 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 the 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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