2:00 - 6:00 p.m.

Registration

3:00 - 5:30 p.m.

Financial Workshop
If you feel you need a warm up course on financial literacy, plan to attend this session. A financial literacy quiz is available online in the Boot Camp materials to evaluate your proficiency on this subject and help you evaluate the necessity of this workshop in advance of the regular course work.

6:00 - 7:00 p.m.

Welcome Reception

7:00 - 8:00 a.m.

Breakfast

Sponsored by e2Value.

8:00 - 8:15 a.m.

Welcome and Introductions
During this session you will have a chance to meet the Boot Camp faculty and review the background of Boot Camp Mutual Insurance Company, a fictional company that will be used for several of the group exercises and discussions.

8:15 - 10:15 a.m.

Corporate Governance for Mutuals & Role of the Board
This session will serve as our foundation for the entire Boot Camp. We will address the fundamentals of corporate governance for mutuals, understanding your role as a board member including role of management vs. role of a director, term limits and qualifications of board positions, the importance of independent directors. We will also define a best practices approach and discuss ways to implement those practices.

John Beavers, Partner
Bricker & Eckler LLC
Columbus, Ohio

10:15 - 10:30 a.m.

Break

10:30 - 11:45 a.m.

Role of the Board (continued)

11:45 - 12:30 a.m.

Lunch

12:30 - 1:45 a.m.

The Basics of Understanding Financial Statements
This session will cover important income statement items, balance sheet items and a discussion of the key insurance factors that are used to measure performance and profitability.

Antonio M. Caxide, CFA, Consultant
LUSIADS Investment Management
Blacklick, Ohio

1:45 - 2:00 p.m.

Break

2:00 - 2:45 p.m.

Financial Statements Exercise
During this session we will conduct a hands-on analysis, in groups, of selected companies' financials, to echo key learning objectives.

2:45 - 3:00 p.m.

Break

3:00 - 3:45 p.m.

Succession Planning
Succession planning and management (SP&M) is a fundamental tool for the perpetuation of any organization and its key leadership. Well conceived, systemic, and deliberate SP&M processes do far more for an organization than merely plan for replacements. Strong SP&M processes align organizational goals so that core values are retained and the corporate vision is realized through continued successions.

The statistics and headlines over the past five years have shown a high failure rate among CEOs for companies of all sizes. Boards of Directors can make better decisions if they understand the choices they have in examining and growing the talent of their organization. A comprehensive, systems approach to succession planning and management will be introduced along with the trends and concepts that will help board members see SP & M as more than replacement planning. Among the success factors to be discussed are; understanding the requirements of key positions; evaluating key positions within an organizational context; and the benefits of a systemic approach.

Paula Cope, President
Cope & Associates
Burlington, Vt.

3:45 - 4:00 p.m.

Break

4:00 - 5:15 p.m.

Succession Planning Part II/Exercise
Given a case study and data on the performance of the senior management team using the pipeline approach, the class will simulate a board making a decision as to whether or not to conduct an external search for a CEO replacement. This exercise will allow directors to apply theories for self perpetuation of the board as well.

5:15 p.m.

Adjourn for the day

7:00 - 8:00 a.m.

Breakfast

Sponsored by e2Value.

8:00 - 9:00 a.m.

The Legislative & Regulatory Landscape
Understanding the legislative and regulatory environment and the implications for operating an insurance company is critical for board members. In this high-level session, we will address what a board member needs to know in order to guide a company through the legislative and regulatory landscape.

Neil Alldredge, Vice President - State Legislative & Regulatory Affairs
NAMIC
Indianapolis, Ind.

9:00 - 9:15 a.m.

Break

9:15 - 10:30 a.m.

Legal Issues for a Mutual Company Board Member
This important session will go deeper into the scope of board duties and responsibilities and define the legal duties of directors. We will address special issues such as insolvency, reliance on others and when boards should hire outside counsel. This discussion will also cover the personal liability for board members and cover important topics such as the risk of having a "hands-on" approach to management issues. We will also define some best practices and address the obligation of good faith.

Gregg Dykstra, General Counsel
NAMIC
Indianapolis, Ind.

10:30 - 10:45 a.m.

Break

10:45 - 11:30 a.m.

Legal Issues Exercise/Case Study Review

11:30 a.m. - 1:00 p.m.

Lunch & Roundtable Discussions
Faculty members will host roundtable discussions during lunch based on their topics. Participants will have the opportunity to address specific questions as well as talk with other directors on a variety of issues.

1:00 - 2:15 p.m.

Fundamentals of Asset Liability Management
In this session, we will discuss the essential elements of asset liability management and its importance to the insurance business. We will focus on liability streams and what types of assets or strategies can provide a similar stream or hedge the unique risks involved, as well as a non-hedged approach. We will also conduct a small group exercise to illustrate the differences.

Edwin P. McCausland, CFA, Consultant
Investment Perspectives LLC
New Albany, Ohio

2:15 - 2:30 p.m.

Break

2:30 - 3:30 p.m.

Reinsurance 101
This session will focus on the basic concepts of the reinsurance transaction and its impact on the bottom line of an insurance company.

Marsha Cohen, SVP, Director of State Relations
Reinsurance Association of America
Washington, D.C.

3:30 - 4:45 p.m.

Investment Perspectives for Directors
During this session the primary goal will be to give directors an understanding of the key investment issues to be aware of and how a well constructed investment policy is the key to effective oversight and controls.

Edwin P. McCausland, CFA, Consultant
Investment Perspectives LLC
New Albany, Ohio

4:45 - 5:00 p.m.

Learning Objectives Review and Wrap-Up
Participants will be given a learning assessment to evaluate their understanding of the concepts presented at the Boot Camp. The participants will have the opportunity to review the results during this time.

5:00 p.m.

Workshop Concludes

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