MINUTES OF THE COMBINED MEETING OF THE PERSONNEL AND EXECUTIVE COMMITTEES OF THE UNIVERSITY OF LOUISVILLE BOARD OF TRUSTEES
In Open Session
The Personnel and Executive Committees of the University of Louisville Board of Trustees met on Monday, January 28, 2002 at 12:40 p.m. in the Ballroom of the University Club with members present and absent as follows:
Personnel Committee Members Present:
Ms. Linda Wallbaum Cauble, Chair
Ms. Melissa Long Shuter, Vice Chair
Mr. Grant Helman
Mr. Darryl Owens
Mr. J. Chester Porter
Personnel Committee Members Absent:
Mrs. Beth Worland
Executive Committee Members Present:
Ms. Jessica Loving, Chair
Mr. J. Chester Porter
Mr. Nathaniel Green
Mr. Ulysses L. Bridgeman, Jr.
Ms. Joyce Hagen Schifano
Ms. Melissa Long Shuter
Other Trustees Attending:
Ms. Marie Abrams
Mr. Kevin Cogan
Dr. Rick Feldhoff
Mr. Owsley B. Frazier
From the University:
Dr. John W. Shumaker, President
Dr. Carol Z. Garrison, Provost
Dr. Joel Kaplan, V.P. for Health Affairs
Dr. Nancy Martin, V.P. for Research
Mr. Joe Beyel, V.P. for Development & Alumni
Dr. Gene Gilchrist, V.P. for Special Ventures
Dr. Dave Howarth, Associate University Provost
Mrs. Ray Goldsmith, Assoc. V.P. for Marketing & Communications
Mr. John Drees, Director of Public Information
Ms. Angela Koshewa, University Counsel
Ms. Debbie Dougherty, Board Liaison
Ms. Trisha Wolf, Board Liaison
Ms. Kathleen Smith, Assistant Secretary, Board of Trustees
I. CALL TO ORDER
Having determined a quorum present, Chair Loving called to order the meeting of the Executive Committee and the Personnel Committee of the Board of Trustees at 12:40 p.m.
II. REPORT OF THE FINANCE COMMITTEE
·Approval of a New Bank Account at Republic Bank and Trust Company
Ms. Schifano reported that last year, the Board approved action that the University would pursue a self-insurance strategy, effective January 1, 2002. The requested separate bank account at Republic Bank and Trust Company will facilitate the implementation of the self-insurance directive. On behalf of the Finance Committee Ms. Schifano made a motion, which was seconded by Mr. Green, to approve
The President's recommendation to adopt the attached resolution opening a new bank account at Republic Bank and Trust Company, Louisville, KY, titled, University of Louisville Health Care Account.
The motion passed.
III. EXECUTIVE SESSION
Mr. Green made a motion, seconded by Ms. Schifano, to go into Executive Session at 12:45 p.m.
IV. OPEN MEETING RECONVENES
Report on Executive Session
Chair Loving reported that a personnel matter requiring the action of the Executive Committee was discussed in Executive Session. Ms. Shuter made a motion, which was seconded by Mr. Green, to approve
The President's recommendation that the Executive Committee approve the action that the ULAA Board of Directors adopted on January 24, 2002 to modify the performance recognition and compensation for Athletic Director Tom Jurich as follows:
Increase incentive payments for all incentives defined in the current contract from $12,000 to $15,000, beginning in the current contract year.
Approve a new annual bonus of $11,500 for each year the A.D. serves on the NCAA Management Council and a new $11,500 bonus for service on any NCAA national committee for each committee beginning in the current contract year.
In order to reward the Athletic Department's performance in exceeding the institutional six-year graduation rate, change the graduation rate bonus stipulations as follows:
+10% = $12,000
+12.5% = $24,000
+15% = $36,000-and capped at $36,000 regardless of the institutional rate, when athletics rate equals or exceeds 50%.
That the Executive Committee authorize the President to pursue negotiations with the
Athletic Director to retain the A.D. at UofL for the long term, and
That the Executive Committee, recognizing the healthy fiscal position of the ULAA Reserve, authorize the President to negotiate the removal of the "guarantee by the University of Louisville" language in the A.D.'s contract.
The motion passed.
Mr. Green made a motion, which was seconded by Mr. Bridgeman, to adjourn the meeting at 1:05 p.m.