Regent Fletcher queried whether the $2.3–$2.5 million that the Board allocated to set up online courses was included in the strategic plan.
Next, Dr. Dailey presented the IRB-HRPP Policy Update. There was no discussion following his presentation.
This agenda item was included in the presentation for agenda item 7C.
This agenda item was included in the presentation for agenda item 7C.
Travis Powell, VP and General Counsel for the Council on Postsecondary Education (CPE), presented this agenda item.
Regent Hatchett sought clarification as to why the report he received prior to the Board meeting stated that only sixteen of the 134 objectives were met, which he noted was significantly different from the progress that Mr. Powell reported. Mr. Powell provided clarification regarding his previous remarks. He noted that the 134 objectives were for set for the entirety of the Management Improvement Plan (MIP), not just the quarterly report/update.
President Akakpo assured Regent Hatchett that it is his utmost priority to meet MIP deliverables.
Chair Dukes advised that opportunities to improve the Gold Book are being sought, and she then requested the Regents' input as to suggested changes. Chair Dukes suggested changes to section 2 and section 9.4 (clarifying that the Board must approve the creation and abolishment of positions) and section 2(p) (increasing the threshold expenditure amount requiring Board approval from $50,000 to $100,000).
Regent Hatchett queried whether the change to the threshold amount listed in section 2(p) would comport with the requirements of HB 250. Travis Powell replied that HB 250 would not prohibit this change. He further noted that CPE is still required to approve any expenses of $5,000 or above.
Chair Dukes proposed that Article 9 be amended as well, in accordance with agenda item H.
Hearing no further requests or discussion, Chair Dukes proceeded to agenda item H.
Chair Dukes stated that changes to the existing Board committees are appropriate because there are currently more committees than are necessary. Therefore, she recommended that the Audit and F&A Committees be combined to create a new Audit and Finance committee. Regent Hatchett proposed that “Finance” and “Audit” be transposed so that the committee’s name would be the Finance and Audit Committee. Chair Dukes concurred.
Chair Dukes also endorsed combining the newly approved Investment Committee and Institutional Advancement Committee to create a new Investment and Advancement Committee. Finally, she recommended that the Executive Committee now be composed of members who are