Executive Committee Minutes -- December 10, 2002 -- Board of Trustees -- University of Louisville
MINUTES OF THE EXECUTIVE COMMITTEE
MEETING OF THE
BOARD OF TRUSTEES
OF THE UNIVERSITY OF LOUISVILLE
December 10, 2002
In Open Session
The Executive Committee of the Board of Trustees of the University of Louisville met on Tuesday, December 10, 2002, at 12 Noon in the Jefferson Room, University of Louisville, with the members present and absent as follows:
| Present: |
Ms. Jessica Loving, Chair, Presiding
Mr. Nathaniel E. Green, Secretary Mr. J. Chester Porter, Treasurer Mr. David Ensign, Constituency Representative Mr. Owsley B. Frazier, at-Large |
| Absent: | Mr. Ulysses L. Bridgeman, Jr., Vice Chair |
| Other Trustees Present: |
Ms. Virginia C. Brown Mr. Tommie Burns Mr. Owsley B. Frazier Mr. William Mulloy Ms. Elizabeth H. Worland |
| From the University: |
Dr. James R. Ramsey, President (present during Item III. only) Dr. Shirley Willihnganz, Acting Provost Ms. Angela D. Koshewa, University Counsel Dr. Ron Moore, Vice President for Information Technology Ms. Rae Goldsmith, Public Relations Ms. Katie Niehaus, Office of University Counsel Mr. John Drees, Director, Communications & Marketing Ms. Kathleen Smith, Assistant Secretary |
| Other Invited Guests: |
Ms. Margaret Handmaker, Mercer Ms. Leslie Vidra, Legal Counsel, University of Louisville Foundation, Inc. Mr. Malcolm B. Chancey, Jr., Chair, University of Louisville Foundation, Inc. |
I. Call to Order
Having been determined that a quorum was present, Chair Loving called the meeting to order.
II. Action Item: Approval of the Recommendation of the Compensation Committee
Mr. Frazier made a motion, which Mr. Green seconded to approve
The Trustees Compensation Committee’s recommendation that the following elements as compensation and benefits for Dr. James R. Ramsey be included in the presidential contract:
- Annual Salary for 2002-03:
- $263,304 as University President
- Bonus Program, capped at 25% of total salary from the University and UofL Foundation, if any, upon completion of board-approved annual objectives
- Bonus Program for Strategic Initiative Goals
- Annual leave per year: 22 business days per year
- Three month administrative leave after 5 years of service as president
- Car and all usage expenses associated with business travel
- Housing, maintenance, and upkeep at Amelia Place
- Fringe benefits generally provided:
- University contribution to university retirement plan (7.5% of base annual salary without employee contribution; or 10% thereof if a 2.5% employee contribution is made)
- Fixed health insurance monthly contribution
- Long term care and disability insurance
- Flexible spending account
- Group life and accidental death and dismemberment insurance
- Tuition remission for dependent children and spouse
- University credit union membership and university bookstore discounts
- Memberships: Jefferson Club, Country Club (2) for business purposes, and University Club
- Spouse travel on all official university business trips
- Travel and entertainment expense reimbursement according to University policy
- Administrative leave for 12 months with full salary following term of contract
- Early termination of contract (except for cause): Tenured faculty position at 75% of presidential salary
- Reimbursement of moving expenses
- Length of contract: 10 years
The Trustees Compensation Committee’s recommendation that the Board of Trustees request the UofL Foundation to provide supplemental disability coverage to provide total disability income at sixty percent (60%) of total salary, and
The Trustees Compensation Committee’s recommendation of the approval of the following goals for the President for the period January 1, 2003 through June 30, 2003:
- Recognizing the $5 million commitment from Dr. William Brundage, Commissioner of the New Economy, $3 million in federal funds arranged by Senator McConnell, and $15 million pledge from Jewish Hospital Healthcare Services to establish a Cardiac Innovations Institute:
- Clarify in an agreement the governance of the Institute and the direction of future research
- Develop two collaborative academic/research programs with the University of Kentucky (e.g., in health sciences, Pan-African Studies, etc.) that enhance opportunities for UofL’s students
- Increase federal obligations for research (Grants and Contracts) by 10% over 2001-02
- Submit to Board of Trustees, after appropriate consultation, a reorganization plan for the University’s administration
- Develop and submit to Board of Trustees implementation plans for Phases V and VI of the Challenge for Excellence, focusing on faculty and staff salaries in Phase VI
- Advance critical facility projects as follows:
- Begin construction on Belknap Campus Research Facility
- Complete preliminary planning for H.S. Research Building III
- Complete revised construction plan for natatorium
- Finalize conceptual agreement on baseball stadium, including site and location
- Obtain final agreement on financing for Cardinal Hall and insure work on schedule to open by October 1
The Trustees Compensation Committee’s recommendation that the Board of Trustees authorize its Executive Committee to approve any additional non-compensation terms and to execute the final presidential contract.
The motion passed unanimously.
III. Action Item: Approval of 2003 Grawemeyer Awards
President Ramsey noted the nominees are well-respected scholars in their fields and have agreed to make presentations to the University as part of the award process in the spring. The screening committees recommend them without qualification for the awards. Mr. Ensign made a motion, which Mr. Frazier seconded, to approve the
President’s recommendation that the Board of Trustees approve the following nominees for the 2003 Grawemeyer Awards:
- Music: Kaija Saariaho
- World Order: Stuart Kaufman
- Education: Deborah Brandt
- Religion: Mark Juergensmeyer
- Psychology: Daniel Kahneman and Amoss Tversky
The motion passed unanimously.
IV. Adjournment
Mr. Frazier made a motion, which Mr. Porter seconded, to adjourn the meeting at 12:25 p.m. The motion passed unanimously.
