Sleep-Inducing Follow Up on Governance and Compensation

NAP-olitano?

Our post below noted the absence of an official recording of the Governance and Compensation Committee of the Regents on January 16. What we can say is that when the Committee reported on its activities to the full board on the 17th, its report apparently put the UC prez to sleep. (See above.)

Anyway, it was just about money which is inherently boring. Sample below:

The Committee recommends approval of an incentive award of $490,985 for Plan Year 2017-18, under the Office of the Chief Investment Officer Annual Incentive Plan (AIP), for Jagdeep Singh Bachher as Chief Investment Officer and Vice President – Investments, Office of the President. The recommended incentive award represents 75.252 percent of Mr. Bachher’s annual base salary of $652,454.

Recommended Compensation
Effective Date: upon Regents’ approval
Base Salary: $652,454
AIP Award: $490,985 (75.252 percent of base salary)
Base Salary Plus Recommended AIP Award: $1,143,439
Funding: non-State-funded

Source: https://regents.universityofcalifornia.edu/aar/jang.pdf