We continue our new format for archiving Regents meetings.
Under the new format, we first upload the audio recordings. Then – as we get a
chance to listen to the recordings – we provide some highlights. In this post,
we note some highlights of the Sept. 15 morning meeting. The
recording can be heard by using the links at http://uclafacultyassociation.blogspot.com/2016/09/listen-to-regents-meeting-of-sept-15.html.
The meeting began with public comments. Topics included
treatment of graduate students including sexual harassment and the Piterberg
case at UCLA, union issues, increased enrollment, and CalPIRG’s voter
registration efforts. Public comments were followed by remarks of the UCSA
president. There was a brief union demonstration. The Regents then turned to
reports from the various committees that had met the day before (and the
finance/investment committee that had met still earlier).
The finance report by Regent Makarechian repeated some of
the debt concerns related to the pension fund and the 70% rule we discussed in
an earlier post.* While it is appropriate for the Regents to look at such
matters, we continue to warn that the discussion could get off track and
further threaten the already-degraded pension plan. Generally, the discussion
seems to veer into confusion between accounting methodology and the actual eventual
results of the fund. Here are two links to further discussion:
At the earlier meeting of the governance committee, there had
been confusion about the post-Katehi rule that senior execs should serve on no
more than two outside boards. Apparently, the confusion was cleared up overnight and now
it is said that the new limit applies to all senior execs – not just new hires –
except for four senior execs that are currently on three boards. (They have
been “grandfathered” in.)
The investment committee also got hung up on pension finance
issues mentioned above. Again, this matter will have to be monitored in future
meetings to avert more damage.
There was a report by the California secretary of state
about efforts to register college students. It was followed by a presentation
from UCLA about its finances.
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