STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS MEETING
November 13, 2009
8:30 a.m. Continuing CLOSED SESSION
12:30 p.m. OPEN SESSION
Or Upon Adjournment or Recess
of the Closed Session, Whichever is Later
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 Duncan
| CLOSED SESSION | |
8:30 a.m. (Continued from November 12, 2009 CLOSED SESSION) | ||
| Action/Jeanne Cain | 8. | Call to Order and Roll Call | ||
| Action/Jay Stewart | 9. |
Financial Results and Competitive Strategy | ||
| Action/Jay Stewart, Mario Bautista | 10. |
Approval of 2010 Program Plan and Budget | ||
|
Action/Harrison Jerome |
11. |
Contract and Purchasing Strategy Update | ||
|
Information/Carol Newman, |
12. |
Pending and Potential Litigation | ||
|
Poizner v. Genest, Lockyer, et al., Sacramento Superior Court No. 34-2009-80000310 (Update) | ||||
| OPEN SESSION |
12:30 p.m. |
|||
| Action/Jeanne Cain | 13. | Call to Order and Roll Call | ||
| Action/Jeanne Cain | 14. | Antitrust Admonition | ||
| Attachment | ||||
| Action/Jeanne Cain | 15. | Consent Calendar1 | ||
| a. | Approval of September 10-11, 2009 Open Meeting Minutes | |||
| Attachment | ||||
| Approval of October 19 and 21, 2009 Open Meeting Minutes | ||||
| Attachment | ||||
| b. |
Board Member Training Opportunities and Approval of Planned Board Member Training | |||
| Attachment | ||||
| c. | Renewal of 2010 Reinsurance | |||
| Attachment | ||||
| d. | Renewal of January 2010 Insurance Coverage | |||
| Attachment | ||||
| e. |
Approval of Retirement Resolutions Nos. 887 – 893 (Abrenica, Leonovicz, Powell, Branch, Barker, Fujimoto, Landsiedel) | |||
| Attachment (originals available for signature at meeting) | ||||
| Information/Jay Stewart | 16. | Financial Update—3rd Quarter 2009 and Preview Year-End (Oral) | ||
| 17. | Committee Reports | |||
| Information/Frank Quinlan | a. | Audit Committee Update (Oral) | ||
| Information/Vince Mudd | b. | Investment Committee Update (Oral) | ||
| Information/Jeanne Cain | c. | Governance Committee Update (Oral) | ||
| (i) Board Delegation of Authority to President | ||||
| Attachment | ||||
| (ii) Executive Terms of Employment | ||||
| Action/Peter Guastamachio, Leslie Dawe | 18. | Ratification of Investment Transactions | ||
| a. | Bond Transactions | |||
| Attachment | ||||
| b. | Short-Term Investment Transactions | |||
| Attachment | ||||
| c. | Compliance Report | |||
| Attachment | ||||
| Information/Doug Stewart | 19. | President’s Report | ||
| a. | Status Update on State Fund (Oral) | |||
| Action/Jeanne Cain | 20. | Chair’s Report / Committee Assignments | ||
| a. | National Search for President and CEO | |||
| b. | 2010 Board of Directors Meeting Schedule | |||
| Attachment | ||||
| Information | 21. | Board Member Reports (Oral) | ||
| Information/Jeanne Cain | 22. | Proposals and Suggestions for January, 2010 Agenda (Oral) | ||
| Information | 23. | Public Comment | ||
| Next Board of Directors Meeting (TENTATIVE) January 21-22, 2010 | ||||
| 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. 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.
