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U of L Board of Trustees - Compensation Committee

by Bendl,Kurt last modified Nov 08, 2009 03:56 PM

September 15, 2004

The Compensation Committee of the Board of Trustees of the University of Louisville met on Wednesday, September 15, 2004, in Ballroom A of the Chancey University club and Alumni Center, with members present and absent as follows:

Mr. J. Chester Porter, Chair, Presiding
Mr. Malcolm B. Chancey, Jr.
Prof. William Pierce
Ms. Margaret Handmaker

Mr. Nathaniel E. Green, Vice Chair
Mr. Tommie Burns

Other Trustees Present:
Mr. Steve Poe
Mr. William A. Stone
Ms. Sandy Metts Snowden

From the University:
Dr. James R. Ramsey, President
Ms. Angela D. Koshewa, University Counsel
Ms. Rae Goldsmith, Associate Vice President for Communications
Ms. Kathleen M. Smith, Assistant Secretary
Ms. Debbie Dougherty, Board Liaison

I. Call to Order

Having determined a quorum present, Chairman Porter called the meeting to order at 2:00 p.m.

II. Approval of Minutes

Mr. Chancey made a motion, which Prof. Pierce seconded, to approve the minutes of November 13, 2005. The motion was passed unanimously.

III. Presentation of Goals

President Ramsey discussed the status of the Office of the President’s Goals for 2003-04 and presented the 2004-05 goals. Dr. Ramsey, Ms. Smith and Ms. Dougherty retired from the meeting.

IV. Recess of Open Meeting

Pursuant to KRS 61.810(1)(f), Prof. Pierce made a motion, which Ms. Handmaker seconded, to recess the open meeting at 2:05 p.m., and go into executive session to discuss personnel matters. The motion passed unanimously.

V. Open Meeting Reconvenes

Chair Porter reconvened the open session of the Compensation Committee at 3:10 p.m. He reported the Committee discussed personnel matters during executive session.

VI. Bonuses and Compensation

Ms. Handmaker made a motion, which Mr. Chancey seconded, to approve the following recommendation:

That the President receive a merit increase for 2004-05 of five (5) percent of his base university salary in recognition of his exceptional performance during the past year; and

That the Board of Trustees hereby requests the University of Louisville Foundation, Inc. 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 2003-04.

The motion passed unanimously.

VII. Goals for the Office of the President

Chairman Porter reported the Committee discussed the President’s 2003-04 Annual Goals and One-Time Strategic Goals and the proposed 2004-05 Annual Goals. Mr. Chance made a motion, which Ms. Handmaker seconded, to approve the

Annual performance goals for the 2004-05 as described in the attached document, “ Office of the President: The Challenge for Excellence: A Plan for Team-Based Accountability 2004-05 Mission Statement: The University of Louisville shall be a premier, nationally recognized metropolitan research university with a commitment to advance the intellectual, social, and economic development of our diverse communities and citizens.”

The motion passed unanimously.

VIII. Adjournment

A motion was made, seconded, and passed unanimously to adjourn the meeting at 3:15 p.m.

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