8 -



and pluses with the process. He asked Dr. Meriwether to look at the document and see if he had
any comfort in some of the positives as he thinks about the negatives in the next few hours.

      Dr. Meriwether said if he had the document he would be glad to look at it.

      Mr. Hardymon asked that the document be faxed to Dr. Meriwether and a follow-up call
be made to ensure that the fax was received.

      Mr. Reed said that it is important to state for the record that the announcement of the
meeting was provided to each Board member by way of e-mail for those who had e-mail, by way
of fax for those who do not have e-mail, and by federal mail for those who do not have e-mail
and fax. He confirmed with Peggy Way that this was her understanding as well.

      Ms. Smith Edge said that she had the e-mail from June 16 regarding the announcement of
the meeting. Prior to that time, she was also called and informed that everybody had been
contacted or was in the process of being contacted. She said that she knew before the June 16
announcement that everybody's schedules worked, and the meeting would be held.

      Mr. Hardymon said everybody has different ways of operating. The Board has Peggy
more or less to catch up with the members' ways of operation and do the best she can. He stated
that she does a great job for him. He said it was unfortunate that it came out this way, but he was
sure there was something there.

      Mr. Reed continued with the meeting and provided a summary of the Board's responses
to the following categories:

      Institutional Agenda
      Academic Leadership
      General Management and Planning
      Fiscal Management and Budgeting
      Fund-Raising
      Internal Relationships
      External Relationships
      Decision making and Problem Solving
      Other Perspectives

      The summary of responses follow:

      - The university has made much progress, and it appears to be in good shape.
      - It is moving in the right direction in terms of reaching Top 20 status.
      - President Todd seems to have been able to attract and retain some very competent
           managers, and he has also retained and promoted some excellent in-house staff.
      - Considering the state of the economy, President Todd appears to be trying very hard to
           hold the entire academic structure of the University together.
      - One of the first achievements by President Todd was having the Board look at various
           Committees, their structure, and membership.