Audit Committee Minutes -- May 8, 2003 -- Board of Trustees -- University of Louisville
MINUTES OF THE MEETING OF THE
COMPENSATION COMMITTEE OF THE
BOARD OF TRUSTEES OF THE
UNIVERSITY OF LOUISVILLE
May 8, 2003
The Compensation Committee of the Board of Trustees of the University of Louisville met on Thursday, May 8, 2003, at 11:38 a.m., in the President’s Conference Room, Grawemeyer Hall, with the members present and absent as follows:
Mr. Ulysses L. Bridgeman, Jr., Chair, Presiding
Mr. J. Chester Porter, Vice Chair
Mr. Nathaniel E. Green
Ms. Joyce Hagen
Mr. Malcolm B. Chancey, Jr., ex officio
Ms. Beth Worland
|Other Trustees Present:||
Ms. Virginia Brown
Ms. Linda Cauble
Mr. Kevin Cogan
Prof. David Ensign
Ms. Jessica Loving
|From the University:||
Dr. James R. Ramsey, President
Ms. Angela D. Koshewa, University Counsel
Ms. Katie Niehaus, Acting Assistant Secretary
Ms. Margaret Handmaker, Mercer
Ms. Leslie Vidra, Legal Counsel, UofL Foundation, Inc.
CALL TO ORDER
Having determined a quorum present, Chairman Bridgeman called the meeting to order at 11:38 a.m.
APPROVAL OF MINUTES
A motion was made by Ms. Hagen, seconded by Mr. Porter, and unanimously passed to approve the Minutes of the previous meeting held December 10, 2002.
RECESS OF OPEN MEETING
Pursuant to KRS 61.810(1)(f), Ms. Hagen made a motion, seconded by Mr. Porter, to recess the open meeting at 11:40 a.m., and go into executive session to discuss personnel matters. The motion passed unanimously.
OPEN MEETING RECONVENES
Chair Bridgeman reconvened the open session of the Ad Hoc Committee on Compensation at 12:00 p.m. He reported the Committee discussed progress made on Trustee incentive goals for 2002-03 and reviewed a proposal for 2003-04 annual goals during executive session.
A motion was made by Ms. Hagen, which was seconded and passed unanimously, to adjourn the meeting at 12:01 p.m.