Governing State Fund
State Fund rests on a solid business foundation where our leaders champion our policies and procedures and are accountable for what they do. State Fund governance includes the laws, policies, and procedures used to run our business.
The Board of Directors (Board) sets our core values, management philosophy, and investment policy consistent with the laws and regulations applicable to State Fund. The Board leads us to ensure that State Fund operates in a manner that is:
- Legal
- Financially responsible
- Ethical
- Socially responsible
The Board has full power, authority, and jurisdiction over State Fund to perform the actions necessary to meet these goals.
Oversight is achieved through the activities of the Board of Directors, State Fund’s officers, and other members of the Executive Committee. Consistent with good corporate governance, the Board has delegated authority to the President and CEO to administer, manage, and conduct the day-to-day business and affairs of State Fund.
For the Code of Conduct, the Board:
- Authorizes having a Code of Conduct.
- Reviews and approves material Code revisions.
- Approves and supports the Code’s final content.
- Approves material changes to Corporate Policies supporting the Code.
As a leader, you are expected to…
…set the tone for your staff. Your commitment to conducting your daily work with integrity helps create a culture of trust.
Upholding the Law
When you know and follow laws and rules that apply to your job at State Fund, you support our commitment to integrity. Laws and rules affect all State Fund business activities.
If you feel unsure about your legal duties, seek advice from these resources. When you raise a concern, State Fund will address it. You have a duty to speak up if you notice possible legal violations and to cooperate during investigations.
State Fund has many laws to follow. For example, the information in our financial records, statements, and reports must accurately reflect our financial condition, be prepared in accord with laws and statutory accounting practices and be filed timely. State Fund Officers must attest that our financial reports are accurate and complete when issuing them.
State Fund also complies with collective bargaining agreements (CBAs) and labor laws. State Fund’s Employee Relations Department collaborates with CalHR and labor organizations to negotiate CBAs that pertain to State Fund employees.
Professional Codes of Ethics or Rules
If you have a role such as attorney, accountant, internal auditor, medical professional, compliance professional, procurement, or project management professional, you must follow codes of behavior for your profession. You must follow State Fund’s Code of Conduct in addition to other professional codes, if they apply to you.
Important Numbers
- Human Resources: (800) 499-8668
- Privacy Office: (888) 724-3237
- Independent Ethics and Privacy Hotline: (888) 254-4301
Telework Guiding Principles
As State Fund continues to adapt and shape our evolving work environment, we must ensure that we are always able to fulfill our mission and commitments as a public enterprise.
With a primarily remote Workforce, we follow four guiding principles as we define the way we work:
- Customer First
- Collaboration & Connection
- Outcome Driven
- Flexibility
As a leader…
…making decisions through the lens of the Guiding Principles helps promote a healthy work-life balance in support of State Fund’s culture.
Functions Involving Alcohol
There may be events you attend as a State Fund Workforce Member where alcoholic beverages are available. In these instances, you are responsible for your own conduct, you must make your own decisions about alcohol consumption, and you must follow all appropriate rules and regulations regarding the use of alcohol.
Excessive consumption of alcohol to the level of intoxication, as defined by California law, is never acceptable or condoned. Inappropriate conduct, whether the product of alcohol consumption or not, can be grounds for disciplinary action, up to and including termination.
Substance Abuse-Free Workplace
Substance abuse seriously threatens the safety, health, and productivity of our business, Workforce members, and customers. State Fund has a zero-tolerance policy for drug and alcohol impairment while employees are at the worksite.
Why This Policy Matters
The State of California’s policy in California Code of Regulations Title 2, Rule 599.960 states that workplaces should be free from the effects of substance abuse. This avoids dangers that come from substance abuse in the workplace.
The consequences of impairment include…
- Injury or death from accidents,
- Poor decision-making,
- Unsafe working conditions, or
- Increased liability and reputational harm.