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Governance Committee: December 11, 2014

The Governance Committee met on December 11, 2014. Chairman Steve Lacy presided. Action taken and topics discussed included the following:

  • Received the quarterly 403(b) Retirement Plan fiduciary review (July 1–September 30, 2014) with no exceptions noted.
  • Reviewed and approved the Conflict of Interest Policy and the Joint Venture Policy.
  • Reviewed the conflict of interest disclosures for all board and committee members with no significant conflicts reported.
  • Reviewed and discussed the board survey from the November responses.
  • Reviewed modification of existing MOUs.
  • Reviewed undesignated bequests and recommended one exception for board approval.
  • Reviewed legal and tax issues associated with new real estate at the Kimball and Denison 14 acre development.   
  • Received an update on the Enterprise Risk Management Tier 1 risks and reviewed the 2nd tier of risks.
  • Reviewed and recommended for board approval authorizing staff to proceed with the technology projects including vulnerability testing and PII audit.
  • Reviewed and recommended for board approval a revised Executive Committee Charter and the Executive Compensation Policy.