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STATE COMPENSATION INSURANCE FUND BOARD OF DIRECTORS

Investment and Risk Committee

November 17, 2021
9:00 a.m.

VIDEO/TELECONFERENCE (Link unavailable after meeting)
https://scif.zoom.us/j/95598416595?pwd=Ukp5b0VJbXNXU3dEdm95VFpqdWFDUT09

COMMITTEE MEMBERS
Sen. Michael J. Machado (Ret.), Chair
Richard J. Guggenhime
David M. Lanier
William M. Zachry

AGENDA

OPEN SESSION November 17, 2021 @ 9:00 a.m.
 
Action/Michael Machado 1. Call to Order and Roll Call
     
Action/Michael Machado 2. Antitrust Admonition
     
Action/Michael Machado 3. Consent Calendar1
 
  1. Approval of August 24, 2021 Open Meeting Minutes (amended)
  2. Approval of Investment Transactions
     i . Bond Transactions
     ii. Compliance Report
  3. Review and Approval of 2022 Board and Committee Meeting Schedule
  4. Review and Approval of 2022 Investment and Risk Committee Agenda Items
  5. Review and Approval of Investment Policy Statement and Guidelines (amended)
 
Information/Michael Machado 4. Public Comment on Appropriateness of Closed Session for Items 7 through 13
 
Information/Michael Machado 5. Public Comment
 
CLOSED SESSION  
 
Action/Michael Machado 6. Approval of August 24, 2021 Closed Meeting Minutes
 
Information/New England Asset Management (NEAM) 7. Investment Manager’s Investment Strategy
[Government Code Section 11126(j)(4)]
     
Information/Stephanie Chan 8. Portfolio Performance Results
[Government Code Section 11126(j)(4)]
     
Information/Stephanie Chan 9. Investment Benchmarks
[Government Code Section 11126(j)(4)]
     
Information/Michael Machado 10. Financial and Investment Considerations Related to the Strategic Plan
[Government Code Section 11126(j)(4)]
     
Information/Ken Van Laar and Randy Hogan 11. Enterprise Risk Management Update
[Government Code Section 11126(j)(4)]
 
Action/Ken Van Laar and Randy Hogan 12. Insurance and Reinsurance Strategic Plan Update
[Government Code Section 11126(j)(4)]
 
Information/ Ken Van Laar and Ajay Wadhwa  13. Risk Considerations Related to the Strategic Plan
[Government Code Section 11126(j)(4)]
 
  1. Update on Security Plan
 
OPEN SESSION 11:30 a.m. or upon adjournment or recess of the Closed Session, whichever is later.
 
Action/Michael Machado 14. Call to Order and Roll Call
 
Information/Michael Machado 15. Committee Member Presentations
(Oral update)
 
Information/Michael Machado 16. Proposals and Suggestions for February 22-25 2022 Agenda
 
  Next Committee Meeting: Sometime the week of February 22-25, 2022, location to be determined (TBD), unless noticed for a new date and time.
 

1Items on the Investment and Risk Committee Consent Calendar include routine actions that will be enacted by one motion and a majority 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 and Risk 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 send an email to CommitteeMeetings@scif.com. After an item, if any, is removed from the Consent Calendar, the Committee will vote to approve all items remaining on the Consent Calendar.

Note: Items designated as “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 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 may be sent via email to CommitteeMeetings@scif.com. Public Comment that is related to the agenda item, which seeks public comment, will be read to the Board/Committee.  Language that is not socially appropriate will not be read or otherwise communicated at the meeting.  Thank you for your courtesy.