Minutes of the Executive Committee of the Board of Trustees of the University of Kentucky, Tuesday, June 17, 2008.
The Executive Committee of the Board of Trustees of the University of Kentucky met on Tuesday, June 17, 2008, in the Board Room on the 18th Floor of Patterson Office Tower.
A. Meeting Opened
Ms. Mira Ball, chair, called the meeting to order at 11:12 a.m. and asked Ms. Barbara Jones, assistant secretary, to call the roll.
B. Roll Call
The following members of the Executive Committee answered the call of the roll: Mira Ball (Chair), Stephen Branscum, James F. Hardymon, Myra Tobin, and Billy Wilcoxson. Ms. Pamela May, ex officio member, was absent. Other members of the Board were also present. The university administration was represented by President Lee T. Todd, Jr.
C. Approval of Minutes
Ms. Ball said that the Minutes of the June 29, 2007 Executive Committee meeting had been distributed and asked for any corrections or additions. Mr. Wilcoxson moved that the minutes be approved. Mr. Branscum seconded the motion, and it carried without dissent.
D. Discussion Regarding the Assessment of 2007-08 Institutional Goals and Strategic Objectives for President Lee T. Todd, Jr.
Ms. Ball reported that she had conducted the evaluation process for President Todd's performance for the 2007-08 fiscal year. She noted that 18 evaluation forms were received from the Board. She explained that the evaluation form is the tool that helps the Board determine the proper bonus that is called for in the president's contract. The bonus is to supplement the president's base pay and maintain a compensation package that is competitive in the marketplace with the university's benchmark institutions. She thanked Mr. Hardymon for the work that he has done to bring the process this far and for his assistance to her in the preparation of this evaluation.
Ms. Ball said that it is a very difficult process, both for the Board and President Todd. She does not know very many people in today's world that have their evaluation and performance review done in the public. In fact, with employment law today, most of the time such openness would be considered something that should be avoided.
She thanked President Todd and his staff for the thorough review that they did and sent to the Board. She also thanked the Board for its thoughtful completion of the evaluation forms.