Minutes of the retreat of the Board of Trustees of the University of Kentucky, Sunday,
October 24, 2010.

The Board of Trustees of the University of Kentucky began its retreat at 1:00 p.m.
(Lexington time) on Sunday, October 24, 2010 at Spindletop Hall, 3414 Iron Works Pike,
Lexington, Kentucky.

A. Members Present

The following members of the Board of Trustees were present: E. Britt Brockman,
(Chair), Sheila Brothers, Penelope Brown, Jo Hem Curris, Dermontti Dawson, William S.
Farish, Jr., Oliver Keith Gannon, Pamela T. May, Everett McCorvey, Billy Joe Miles, Terry
Mobley, Sandy Bugie Patterson, Joe Peek, Erwin Roberts, Charles R. Sachatello, Frank Shoop,
Ryan Smith, James W. Stuckert, and Barbara Young. Carol Martin “Bill” Gatton was absent
from the meeting.

President Lee T. Todd, Jr. was present for the President’s Remarks. The University
administration was represented by Vice President for University Relations Tom Harris and
Executive Director for Public Relations and Marketing Jay Blanton. Faculty members on the
Presidential Search Committee Lee Meyer and Hollie Swanson, and a member of the media were
also present.

B. Chairman’s Opening Remarks

Dr. Brockman welcomed the Board members and thanked them for attending the retreat.
With the last Board retreat being in August 2008 and with President Lee Todd’s announcement
of his retirement effective June 30, 2011, Dr. Brockman thought the Board needed to have a
retreat to discuss the process regarding the transition of presidents. He asked President Todd to
give some remarks about his interview for the presidency nine years ago and provide any words
of wisdom for the Board.

C. President’s Remarks

President Todd gave his thoughts about his experience when he was interviewed and his
perception as a candidate. He also expressed his thoughts on hiring the next president. He
informed the Board that they may need to recruit candidates for the position and possibly
encourage others to apply. He cautioned the Board to not let anything they heard about a
potential candidate go unquestioned. He told of the various groups that he met with on campus
and said that the Presidential Search Committee needs to observe the interviews that are held
with the groups on campus. There should also be an opportunity for the candidates to talk with
members of the Committee one-on-one.

President Todd said that he does not believe the Board needs to go around the state this
time because the state’s loyalty is there. He said that research is a part of the economy, and Dr.
Leonard Heller can talk to the Board about the Coldstream Research Campus.