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H. Proposed Amendment to Governing Regulations: Investment Committee (PR 6)
President Todd said that PR 6 is the proposed amendment to the Governing Regulations for the Investment Committee. This recommendation allows the appointment of no more than three community advisory members to the Investment Committee. The appointments shall be for three years and may be reappointed for an unlimited number of three-year terms. He pointed out that this is very similar to the University Health Care Committee. Given the importance of the size of the university's endowment, this will allow the flexibility to add some people in the community with expertise that could serve the university well. He recommended approval of PR 6.
Mr. Hardymon agreed that the recommendation is a good move. There are people who spend every day looking at these type things, and the Investment Committee does not have anyone that does that. Fortunately, the endowment number continues to get larger. He moved approval of PR 6. Ms. Wickliffe seconded the motion, and it carried without dissent. (See PR 6 at the end of the Minutes.)
I. Candidates for Degrees - University System (AACR 1)
Ms. Tobin, chair of the Academic Affairs Committee, said that AACR 1 is the candidates for degree in the university system. She noted that a revised copy of AACR 1 was distributed because there were six additional applications made, two for graduate degrees and four for undergraduate degrees, from the original AACR 1 in the agenda book.
The committee recommends that the president be authorized to confer upon each individual whose name appears on the attached list the degree to which he or she is entitled upon certification by the university registrar that the individual has satisfactorily completed all requirements for the degree for which application has been made and as approved by the elected faculty of the University Senate and Academic Affairs Committee of the Board of Trustees.
Since commencement is held immediately following completion of examinations, it is not possible for the university registrar to certify satisfactory completion of requirements prior to commencement exercises for those candidates who complete their degrees in May. AACR 1 is a list of graduate, professional, and undergraduate degrees. There are 1,042 graduate degrees, 441 professional degrees, and 2,716 undergraduate degrees for a total of 4, 199. She moved acceptance of AACR 1. Her motion, seconded by Mr. Phelps, carried without dissent. (See AACR 1 at the end of the Minutes.)
J.       Change in Name of a Degree - College of Communications and Information Studies (AACR 2)
Ms. Tobin said that AACR 2 has to do with the change in the name of a degree in the College of Communications and Information Studies. It is recommended that the Board of Trustees approve a change in the name of the Bachelor of Arts/Bachelor of Science degree with a