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U of L Board of Trustees - Ad Hoc Committee on Compensation

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November 13, 2003

The Ad Hoc Committee on Compensation of the Board of Trustees of the University of Louisville met on Thursday, November 13, 2003, at 11:30 a.m., in the President’s Conference Room, Grawemeyer Hall, with the members present and absent as follows:

Present:
Mr. J. Chester Porter, Chair, Presiding
Prof. David Ensign
Ms. Joyce Hagen
Absent: Mr. Nathaniel E. Green, Vice Chair
Mr. Tommie Burns
Mr. Malcolm B. Chancey, Jr., ex officio

Other Trustees Present:
Ms. Virginia Brown
Mr. Milton Livingston
Ms. Jessica Loving
Mr. Michael Stricklen

From the University:
Ms. Angela D. Koshewa, University Counsel
Ms. Rae Goldsmith, Associate Vice President
Ms. Katie Niehaus, Acting Assistant Secretary

I. Call to Order

Having determined a quorum present, Chairman Porter called the meeting to order.

II. Approval of Minutes

A motion was made by Ms. Hagen, seconded by Prof. Ensign and unanimously passed to approve the Minutes of the previous meeting held October 9, 2003.

III. Recess of Open Meeting

Pursuant to KRS 61.810(1)(f), a motion was made by Prof. Ensign and seconded by Ms. Hagen to recess the open meeting at 11:36 a.m., and go into executive session to discuss personnel matters. The motion passed unanimously.

IV. Open Meeting Reconvenes

Chair Porter reconvened the open session of the Ad Hoc Committee on Compensation at 12:10 p.m. He reported the Committee discussed personnel matters during executive session.

V. Bonuses and Compensation

A motion was made by Prof. Ensign, seconded by Ms. Hagen, and unanimously passed to approve the Compensation Committee recommendation that the President receive a merit increase for 2003-04 of three (3) percent of his base University salary in recognition of his exceptional performance during the past year; that the Board of Trustees request the UofL Foundation take action to provide a merit increase for 2003-04 of three (3) percent of his Foundation salary in recognition of his exceptional performance during the past year; and that the Board of Trustees request the UofL Foundation to make supplemental payments to the President for achievement of annual goals set by the Board of Trustees in an amount equal to twenty-five percent (25%) of the President’s total salary for 2002-2003.

Goals for the Office of the President

A motion was made by Ms. Hagen, seconded by Prof. Ensign, and unanimously passed to approve the recommendation that the Board of Trustees approve the annual performance goals for The Office of the President for 2003-04 as described in the attached document, “The Challenge for Excellence: A Plan for Team-Based Accountability 2003-04 (the “Plan”);” and that the categories of goals as described in the Plan be valued as follows:

President EVPs/SVP

  • Discretionary - President 25%; EVPs/SVP 0%
  • University Goals - President 75%; EVPs/SVP 50%
  • Unit Goals - President 0%; EVPs/SVP 25%
  • Individual Goals - President 0%; EVPs/SVP 25%
Adjournment

A motion was made, seconded and passed unanimously to adjourn the meeting at 12:15 p.m.


Board of Trustees Ad Hoc Committee Executive Session on Compensation

November 13, 2003

The Ad Hoc Committee on Compensation of the Board of Trustees of the University of Louisville met in Executive Session on Thursday, November 13, 2003 at 11:31 a.m. in the President's Conference Room, Grawemeyer Hall, with the members present and absent as follows:

Present:
Mr. J. Chester Porter, Chair, Presiding
Prof. David Ensign
Ms. Joyce Hagen

Absent:
Mr. Nathaniel E. Green, Vice Chair
Mr. Tommie Burns
Mr. Malcolm B. Chancey, Jr., ex officio

Other Trustees Present:
Ms. Virginia Brown
Mr. Milton Livingston
Ms. Jessica Loving
Mr. Michael Stricklen

From the University:
Ms. Angela D. Koshewa, University Counsel
Ms. Katie Niehaus, Acting Assistant Secretary

Call to Order

Chair Porter called the executive session of the meeting to order at 11:36 a.m.

Personnel Matters

The following personnel matters were discussed in executive session:
Bonuses and Compensation for 2003-04
2003-04 Goals for the Office of the President

Adjournment

A motion was made, seconded and unanimously passed, to adjourn the executive session and reconvene the open meeting at 12:10 p.m.


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