MOTION by Regent Harnice:
Move the Committee to approve that Kentucky State University continue with the Kentucky Retirement System (KRS).
Seconded by Regent Barfield and passed without dissent.
MOTION by Regent Harnice:
Move the Committee to approve that Kentucky State University continue with the Kentucky Teacher Retirement System (KTRS).
Seconded by Regent Barfield and passed without dissent.
MOTION by Regent Barfield:
Move the Committee to approve the proposal of the consultant, Raymond Cotton, to assist the Executive Committee/Board of Regents in reviewing and developing the presidential contract and the performance evaluation instrument.
Seconded by Regent Jantzen and passed without dissent.
Information Item(s) EVP Allen introduced the new Internal Auditor, Mr. James Harris, to the Committee and Mr. Harris explained his goals for his employment at KSU. Chairperson Farris requested the Annual Internal Audit Plan and the Internal Audit Charter, as outlined in the Gold Book, for the Committee to review.
Adjournment
MOTION by Regent Jantzen:
Move the Executive and Audit Committee to adjourn.
Seconded by Regent House-Mansfield and passed without dissent.