SAIF CORPORATION BOARD OF DIRECTORS AUDIT COMMITTEE Wednesday SAIF Corpration December 9, 2009 400 High Sreet SE9:0 a.m alem, Oregon After determining a quorum was present, the meeting was called to order at 9:00 a.m. Roll Call: John Endicott Catherine Travis (via phone) SAIF Corporation Personnel Present: Brenda JP Rocklin, President and CEO Mike Mueller, Senior Vice President of Claims and Legal Services Chris Davie, Vice President of Corporate Policy and External Affairs John Gilkey, Vice President of Policyholder Services Michelle Graham, Vice President of Claims Michael Hartman, Vice President of Underwriting Services Theresa McHugh, Vice President of Financial Services Colleen Sealock, Vice President of Operations and Human Resources Garry Robinson, Vice President of Information Services Casey Baumert, Corporate Internal Auditor Jerry Dykes, Chief Financial Officer Cathy Pollino, Chief Internal Auditor Shawn Wright, Chief Actuarial Officer Sara Bayes, Executive Assistant Approval of Audit Committee Minutes Motion Mr. Endicott, second Ms. Travis to approve the minutes of the September 16, 2009 meeting. The vote was unanimous, and the motion was carried. Regional Operations: Branch Office Review Cathy Pollino reported on an internal audit that reviewed SAIF branch office security and tested controls over cash handling, emergency check processing, and check stock storage. Internal Audit staff ...