Aug. 13, 2007

CLEVELAND, Ohio – Ken Haffey (’78), CPA, CVA of Skoda, Minotti & Co. was one of 11 members appointed to the newly established Workers’ Compensation Board of Directors. The independent, external board of directors will serve as the primary fiduciary entity of Bureau of Workers’ Compensation funds – the largest state-run fund for injured workers in the nation – and be held accountable for the bureau’s operation.

Duties of the board will include setting a policy direction, approving investment policy and reviewing progress toward goals. It also has hiring and firing power over the bureau administrator.

Haffey will hold the one position designated for a Certified Public Accountant and will serve as the chair of the audit committee. The remainder of the board is made up of one representative of employees, two representatives of employee organizations, three representatives of employers, two investment securities experts, one actuary and one member of the public.

“The establishment of an independent board of directors brings us a step closer to restoring confidence and accountability in the Ohio Bureau of Workers’ Compensation,” Governor Ted Strickland said in a press release. “The new board will ensure greater professional expertise and strengthened fiscal management of BWC funds.”

Once convened, the members will form three subcommittees to provide independent advice and verification of BWC financial and operational performance: an audit committee, an investment committee and an actuarial committee.

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