Board of Directors Meeting

May 15, 2009, 8:00 a.m. – 5 p.m.

Auditorium
Milton Marks Conference Center
455 Golden Gate Ave.
San Francisco, CA 94102

BOARD MEMBERS
Jeanne L. Cain, Chair
Sheryl A. Chalupa
Daniel M.Curtin
Senator Michael J.Machado
Vincent E. Mudd
Francis E. Quinlan
Steven L. Rank
Thomas E. Rankin

(Ex-officio)
John Duncan

AGENDA

OPEN SESSION		8:00 a.m.
Action/Jeanne Cain	1.	Call to Order, Roll Call, and Introductions

Information/Jeanne Cain	2.	Antitrust Admonition

		Attachment

	3.	Public Comment on Appropriateness of Closed Session for Items 4 through 9.

CLOSED SESSION
Action/Jeanne Cain	4.	President’s 2009 Strategic Performance Plan Objectives [Government Code section 11126(a)(1), (j)(4)]

Information/Guy Avagliano-Milliman Inc. Jim Neary	5.	Independent Actuarial Reserve Opinion and Impact on Rates [Government Code section 11126(j)(4)]

Information/Jim Neary	6.	Loss Adjustment Expense [Government Code section 11126(j)(4)]

Action/Jim Neary	7.	July 1, 2009 Rate Recommendation [Government Code section 11126(j)(4)]

Information/Jim Neary	8.	New Marketing Initiative [Government Code section 11126(j)(4)]

Information/Ray Torino, Roubart Capcap	9.	Secured Board Communication Demo (SEIPP) [Government Code section 11126(j)(4)]

OPEN SESSION	11:00 a.m.
Action/Jeanne Cain	10.	Call to Order, Roll Call, and Introductions

Action/Jeanne Cain	11.	Antitrust Admonition

		Attachment

Information/Jeanne Cain	12.	Introduction of Guests

Action/Jeanne Cain	13.	Consent Calendar¹
		a. Approval of Minutes of March 12-13, 2009 & April 16-17, 2009 Meetings of Board

		Attachment

		b. Renewal of Expiring 3rd Quarter Insurance Policies

		Attachment

		c. Retirement Resolutions Nos. 866 – 870

		Attachment (originals available for signature at meeting)

Information/ Guy Avagliano-Milliman Inc.	14.	Presentation of Independent Actuarial Reserve Opinion (Oral)

Information/Jay Stewart	15.	Financial Update—1st Quarter 2009

		Attachment

Information	16.	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)

Action/Peter Guastamachio	17.	Ratification of Investment Transactions

		a. Bond Transactions

		Attachment

		b. Short-Term Investment Transactions

		Attachment

		c. Compliance Report

		Attachment

Information/Janet Frank	18.	President’s Report

		a. Status Update (Oral)

		b. Real Estate Update (Oral)

		c. Chief Information Technology Officer Replacement (Oral)

Information/Connie Raiche, Janet Rowlett, Theresa Casillas		d. Return to Work

		Attachment

Action/Jeanne Cain	19.	Chair’s Report / Committee Assignments (Oral)

Information	20.	Board Member Reports (Oral)

Information	21.	Proposals and suggestions for July 10, 2009 Agenda (Oral)

Information	22.	Public Comment

	Next Board Meeting July 9, 2009 at 4:00 pm & July 10, 2009, at 8:00 a.m.

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. Public comment will be limited to three (3) minutes per speaker and ten (10) minutes per subject item.

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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