Regent Walston inquired whether any amount given to the President would be characterized as a bonus or would be tied to a salary. Chair Dukes responded that it would not be tied to a salary increase and would be a one-time payment, much like the payment the rest of the University received.
Regent Hatchett requested that further research be done regarding financial or fiscal exigency, urging that the question be resolved before any further action was taken on rewarding President Akakpo.
Attorney Atwell suggested that the Executive Committee meet again before the end of August to allow them time to flesh out the performance metrics they would like the President to meet in FY 25.
MOTION by Regent Walston:
Move the Board to adjourn.
Seconded by Regent Fields and passed without dissent.
The meeting was adjourned at 9:41 a.m.