2 – 6 p.m.

Registration

3 – 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.

Antonio M. Caxide, CFA
Chief Investment Officer
Hamilton Capital Management
Columbus, Ohio

6 – 7 p.m.

Welcome Reception

7 – 8 a.m.

Breakfast

8 – 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.

Kristen Sizelove
Vice President-Member Development
NAMIC
Indianapolis, Ind.

8:15 – 9:15 a.m.

Overview of Why Governance is Important
In this session, we will set the stage as to why good governance is critical for company success and address unique issues for mutual insurance companies.

Gregg Dykstra
COO/General Counsel
NAMIC
Indianapolis, Ind.

9:15 – 9:30 a.m.

Break

9:30 – 10:45 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

10:45 – 11 a.m.

Break

11 – 11:45 a.m.

Role of the Board continued/Case Study Review

11:45 a.m. – 12:30 p.m.

Lunch

12:30 – 1:30 p.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
Senior Vice President – State & Policy Affairs
NAMIC
Indianapolis, Ind.

1:30 – 1:45 p.m.

Break

1:45 - 2:45 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
Shelburne, Vt.

2:45 - 3 p.m.

Break

3 - 4:30 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. Participants will have the opportunity to take a comfort break as determined by each group during the exercise.

4:30 p.m.

Adjourn for the day

6 p.m.

Optional Activity: Dining at 400 Beach Seafood & Tap House - Meet in Hotel Lobby
Take the opportunity for a relaxing evening with your colleagues for dinner at 400 Beach Seafood & Tap House. The restaurant features unique coastline cuisine, outstanding service, and a convenient location steps away from the Renaissance Vinoy. Our menu will feature appetizers, salad, your choice of three entrees, dessert and two beverages.

7 – 8 a.m.

Breakfast

8 – 9:15 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 directors should employ to carry out effective oversight.

Antonio M. Caxide, CFA
Chief Investment Officer
Hamilton Capital Management
Columbus, Ohio

9:15 - 9:30 a.m.

Break

9:30 – 11 a.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.

Antonio M. Caxide, CFA
Chief Investment Officer
Hamilton Capital Management
Columbus, Ohio

11 - 11:15 a.m.

Break

11:15 a.m. – 12:30 p.m.

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

12:30 - 1:30 p.m.

Lunch

1:30 - 2:45 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.

Gary D. Myers, CPCU, ARe
President/CEO
Cameron Mutual Insurance Company
Cameron, Mo.

2:45 - 3 p.m.

Break

3 - 4:30 p.m.

Enterprise Risk Management Overview
This session will explore the concepts of Enterprise Risk Management (ERM): what it is, how companies utilize a strategic ERM policy, ways for a board to monitor, and how to best implement an effective strategy.

4:30 - 4:45 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.

4:45 p.m.

Workshop Concludes