ASSOCIATION HIGHLIGHTS


Tom Holsman Awarded Meritorious Service Award T


he AGC of America Executive Leadership Council recently awarded AGC of California CEO Tom Holsman with the Meritorious Service Award. Te council established the award in 2013 as a means


of recognizing chapter executives who embody “the highest standard of conduct, innovation and leadership, providing value to contractor members, ELC colleagues and the industry.” Holsman won the award by more than a two-thirds


majority. He has led AGC of California as its chief executive officer for more than 20 years. During his time, he consistently


INDUSTRIAL RELATIONS


Labor Relations.” Governance, by definition, is


The Lifecycle of Labor Relations: Governance W


By the AGC Industrial Relations Department – Northern California


elcome to the fourth and final installment of our series on the “Lifecycle of


about the process of decision-making LEGAL NEWS


Insurance Have you assessed whether your


current insurance will apply in the event of a data breach or cyber incident and consulted with a broker knowledgeable about cybersecurity insurance? Te policies offered to cover cyberse-


curity events are being developed; there is not a standard policy at this time. Be sure to work with a broker well- versed in your business’ needs and with insurance for cybersecurity and data privacy. 


Cinthia Motley is co-chair of Sedgwick’s


cybersecurity practice group. She was chosen as winner of the 2017 Corporate Inter- national Global Award as Cybersecurity Litigation Lawyer of the Year in Illinois. Nora Wetzel is a commercial litigation attorney at Sedgwick’s San Francisco office with a focus in commercial real estate and data privacy matters.


20 September/October 2017


by the stakeholders involved in a common problem that lead to creating or reinforcing the rules of an organi- zation. Governance is crucial. It is the structure used to oversee, manage, and administer a plan while complying with necessary laws and working in the best interest of the Plan members. Trustees, both on the labor side


as well as the management side of the table, who sit on pension funds, health and welfare funds, vacation funds, etc., find themselves working with tens of millions if not hundreds of millions of dollars representing the benefits that so many union workers have been building up and counting on for years. Tese trustees must wear their trustee hat and no other when analyzing facts and figures, establishing and implementing rules and regulations, and making decisions that affect the health of each individual fund. Tey have a fiduciary responsibility to the plan members and must act in those members’ best interest. Te Trustees must also consider the


number of members, the vested years of these members, the demographics of the members, and more. All these factors need to be considered when analyzing the financial health and sustainability of each individual fund. Financial health and sustainability,


however, are not the only consider- ations for trustees. Tey also need to be


demonstrated his vast knowledge of the industry, embraced innovative changes in technology to better produce quality services to members, and guided the organization through tough economic times in 2008. AGC of California and its


members thank Holsman for his guidance and dedication to AGC, and congratulate him on this distin- guished honor. 


involved in the policies and procedures, and how the fund is being adminis- tered. Te trustees are the gatekeepers. Tey ensure that the fund is being managed and administered in an unbiased way. Governance, as indicated in the


beginning, does not stand alone. When labor relations is viewed as a partnership between both labor and management, the lifecycle can thrive. Relationships are built through labor- management interactions. Negotiations are entered into with an under- standing of the issues on both sides, interpretation of contract language is vigorously discussed and debated, and governance is there to be sure that the intent of the contract is upheld through the administration of the funds. Labor relations is a never-ending


cycle. Each step leads you to the next. One does not exist without the other. Knowing how the cycle works and how each step is important to the whole, helps to draw the picture – and connect the dots – of the importance of labor relations. Opportunities exist on craft committees for each of the trades, the Union Contractors Council in both Northern and Southern California, and on various trust funds. Please consider getting involved. Contact the IR Department South


at (626) 608-5800 or North at (925) 827-2422. 


California Constructor


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