The UC Regents Committee on Compliance and Audit met on November 7, 2011 in advance of the full Regents meeting that was originally scheduled for the following week. The full Regents meeting was postponed due to concern about possible violent demonstrations. This blog has been making available audios of the Regents meetings. A link to the audio can be found at the bottom of this blog entry.
During the public comment section of the Committee meeting, the first speaker made a satirical speech for privatizing UC on behalf of the 1%, as opposed to the 99%, as per the Occupy movement. There was discussion at the Committee of funding of retirement benefits. The agenda is below:
COMMITTEE ON COMPLIANCE AND AUDIT
Committee membership: Regents Crane, Makarechian, Mireles, Pelliccioni, Ruiz, and Zettel (Chair); Ex officio members Brown, Gould, and Lansing; Advisory member Anderson; Staff Advisor Herbert
Date: November 7, 2011
Time: 2:30 p.m.
Locations: 1111 Franklin Street, Room 11326, Oakland ; West Coast Room, Covel Commons, Los Angeles Campus; 3104 Mosher Alumni House, Santa Barbara Campus
Agenda – Open Session (there was a closed session before this audio begins)
Public Comment Period
Action Approval of the Minutes of the Meeting of September 13, 2011
A5 Discussion Annual Report of External Auditors for the Year Ended June 30, 2011
UC Annual Financial Report,
UC Retirement Plan, including the PERS-VERIP,
UC Retirement Savings Program (Defined Contribution, 403b and 457b Plans),
UC Health and Welfare Program, including the retiree health benefit trust
Annual Financial Reports for each of the five UC Medical Centers.
A6 Discussion Chief Financial Officer Division AIM Report: Actionable Information for Managers
A7 Discussion Annual Report on Internal Audit Activities, 2010-11
A8 Discussion Report on Ethics and Compliance Activities
The full agenda with attachments is at http://www.universityofcalifornia.edu/regents/regmeet/nov11/audit.pdf