|
 |
      |
|
BWC Board of Directors
BWC’s new 11-member Board of Directors replaces the Workers’
Compensation Oversight Commission. Ohio House Bill 100
created the new board. All 11
members have full voting rights.
Governor Ted Strickland named members to the board on
July 31, 2007, effectively abolishing the Oversight Commission
and creating a new, more independent governance system
for BWC. The new Board of Directors provides greater
professional expertise, strengthened accountability and
transparency, and a broader representation of BWC’s
customers. Board members represent the interests of
Ohio workers and employers, and the public at large.
The board also includes members with professional
expertise in financial accounting, investments and
securities, and actuarial management.
The board has three committees mandated by law: an actuarial,
audit and investment committee.
There is also an ad hoc governance committee, which the board created to oversee
its operations. Committees usually meet the day before the full board meetings.
Board members advise BWC’s administrator on all critical matters. As
fiduciaries of Ohio’s workers’ compensation system,
they also provide independent verification of BWC’s
financial and operational performance. The board has direct power in advising BWC’s administrator and
managing the agency’s operations and policies.
|
  
|
|
