The Regents' Committee on Compensation met on May 31 in the aftermath of the Davis chancellor affair. The fact that now-suspended Chancellor Katehi joined the DeVry University board - a board of a commercial school with a shoddy reputation - led to a review of policy regarding senior management board memberships. The Committee was reviewing a revision of policy although part of the concern about Katehi was that she had not gotten permission to join the DeVry board, pursuant to the existing policy. The Committee is now charged with coming up with a recommendation for the July Regents meeting.
During the discussion, there was concern about compensation received from boards, the time commitment involved, and public perceptions caused by such memberships. There were claims that memberships can lead to contacts and fundraising, however, and that policy should not have inadvertent consequences. There were also concerns about how to treat memberships that are already in place but might violate a proposed cap of two instead of the current three. It is unclear exactly what the final recommendations will be.
You can hear the meeting at the link below:
No comments:
Post a Comment