Governance Committee: October 7, 2015
The Governance Committee met on October 7, 2015. Chairman Steve Lacy presided. Action taken and topics discussed included the following:
- Received a trust management review.
- Reviewed an insurance audit and discussed next steps for staff to conduct a multi-broker bid process for a comprehensive insurance program.
- Reviewed, accepted and recommended for approval to the full board all changes to the KSU Foundation bylaws and Executive Committee Charter.
- Notified by staff that the independent 403(b) audit was completed with clean results.
- Reviewed modifications of existing MOUs and undesignated bequests. One undesignated bequest exception was recommended to the board for approval.