Director Raglin presented this agenda item, first requesting approval for the hiring of Ms. Vicki Dunaway, CFO and VP of Finance & Administration.

Attorney Atwell noted that pursuant to The Gold Book, the Board is required to approve all VP-level or above hirings.

Move the Board to approve the hiring of Ms. Vicki Dunaway. Seconded by Regent Hatchett and passed without dissent.

Next, Ms. Raglin requested a review and approval of the position vacancy authorization.

Move the Board to approve the stated personnel actions. Seconded by Regent Moyer and passed without dissent.

This agenda item was presented by Ms. Fran Pinkston, Purchasing Director.

Regent Fields sought clarification regarding the services to be provided under the contract and queried whether it was being budgeted through E&G.

Regent Walston inquired into the contract's term and whether it was a year-to-year contract.

Move the Board to approve the expenditures for online program marketing and enrollment management services.

Seconded by Regent Moyer and passed without dissent.

Mr. Michael DeCourcy, Interim VP, Institutional Advancement and External Relations, presented this agenda item, beginning with the proposed MOU. Regent Moyer, Chair of the Investment & Advancement Committee, provided additional context.

Chair Dukes requested that Mr. DeCourcy read the proposed MOU aloud.

Regent Fields queried whether the proposed MOU is more in line with those utilized by other universities in governing the relationship between the institutions and their respective foundations.

Regent Fletcher asked whether the proposed MOU had been presented yet to the Foundation and further inquired as to the 1% cap on management fees. Regent Fletcher also suggested that the Board of Regents be granted the authority to modify the number of Directors for the Foundation.

Regent Walston asked whether it was expected that the Board would have the MOU by its next meeting.