Repository: UIHistories Project: Board of Trustees Minutes - 1994 [PAGE 50]

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BOARD OF TRUSTEES

[August 5

explained that he would involve students in a search. He then gave the number of women and minorities working with him at Heidrick & Struggles. Mr. Boyle thanked Mr. Bowen for meeting with the board.

BOARD MEETING RECESSED

The board recessed for luncheon and invited Mr. R. William Funk of Korn/Ferry International to join them for lunch inasmuch as they were running behind their planned schedule.

BOARD MEETING RECONVENED

When the board reconvened, all the members of the board noted at the beginning of these minutes were present with the exception of Dr. Bacon, Mr. Boyle, and Mr. Grabowski. Mrs. Gravenhorst chaired the meeting in Mr. Boyle's absence. She invited Mr. Funk to make his formal presentation to the trustees. He described Korn/Ferry International as the largest executive search firm in the country, with a practice in searching for leaders for educational institutions that was established 19 years ago. He described some of the recent searches for university presidents conducted by Korn/Ferry and urged the trustees to check with these institutions to learn of their satisfaction with his firm's services. Next, he described an associate in the firm who is in the Chicago office and is charged with making certain that women and minority candidates are found for searches. He also emphasized that his firm employs a very diverse work force. Mr. Funk told the board members that he thought his firm's recent experience in working with public, complex universities on their searches for presidents qualified them to do well for the University of Illinois. He emphasized that he would be a consultant to the board and would bring candidates to the search that others might not find. He assured the board that he personally would work on the search. Next, he described his firm's computer systems and the capacity he had to gain information about prospects. He also indicated that his firm would conduct a second search for no charge if the individual hired for president left within the first two years. The board posed questions, and discussion with Mr. Funk followed. Mr. Boyle returned to the meeting at the conclusion of Mr. Funk's presentation and thanked him for his presentation to the board. Dr. Bacon returned to the meeting at this time. Mr. Boyle then introduced the final presenters, Ms. Toni S. Smith and Mr. Ronald J. Zera from the firm of Spencer Stuart, Executive Search Consultants. Ms. Smith made general remarks about the firm and stated that Spencer Stuart is known for quality in its searches and for the long-term good results of its work. She described herself as the head of the firm's not-for-profit division. She stressed that in recent