full Board for vote. The Executive Committee shall involve the entire Board in this evaluation process and shall also solicit input from university stakeholders. The Executive Committee shall be responsible for the planning of the Board's annual retreat. The Executive Committee shall submit to the board Board of Regents for its ratification at the next full Board meeting a complete record of all actions taken by the Executive Committee. The Secretary of the Board of Regents shall attend all meetings of the Executive Committee and shall serve as its secretary. Notwithstanding the foregoing, in matters involving the review, evaluation and compensation recommendations for the President, the Secretary may not be present during said discussions, if the Secretary is a University employee, and in such case, the chairperson in collaboration with the Board's compensation advisor, if any, shall serve as secretary and provide an accurate record of the minutes from said meeting.

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Section 9.5: The Academic Affairs Committee shall be responsible for evaluating all recommendations coming to the Board of Regents affecting the academic and intellectual affairs of the University. The President of the University shall appoint a member of the staff to serve as administrative agent to the committee.

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Section 9.6: The Finance and Administration Committee shall review, evaluate, and provide guidance on financial issues, including the biennial budget requests submitted to governmental agencies, the annual operating budget of the University for each fiscal year, and all other financial, administrative, and budgetary matters. The President of the University shall appoint a member of the staff to serve as administrative agent to the committee.

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Section 9.7: The Audit Committee shall recommend to the Board of Regents the engagement of an external auditing firm. The Committee shall meet with the external auditor and receive and review the auditor's external reports and University comments for the annual audit. The Internal Auditor shall serve as administrative agent to the committee.

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Section 9.8: The Student Affairs Success and Enrollment Affairs Committee shall review, evaluate, and provide guidance on all matters related to student life issues. The President of the University shall appoint a member of the staff to serve as administrative agent to the committee.

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Section 9.9: The External Relations and Advancement-Development Committee shall review evaluate, and provide guidance on all matters related to fund-raising,

Bylaws Kentucky State University Board of Regents Effective Date: _____ Page 15 of 21