Repository: UIHistories Project: Board of Trustees Minutes - 1984 [PAGE 77]

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68

BOARD OF TRUSTEES

[October 21

EXECUTIVE SESSION President Paul Stone, referring to Section T w o of the Open Meetings Act, stated: "A motion is now in order to hold an executive session to consider information regarding the appointment, employment, or dismissal of employees or officers, and to discuss pending, probable, or imminent litigation against or on behalf of the University, and to discuss the acquisition of real property." T h e motion was made by Mr. Howard and approved unanimously. Executive Compensation Vice President Brady met with the board to provide comparative information on this subject. By consensus, the trustees directed that the president's salary be increased by 4 percent (to a total of $86,800) effective January 1, 1983; and that the University of Illinois Foundation be asked to pay an amount equal to 5 percent of the president's salary as a part of the president's contribution to the tax-sheltered annuity program. (Documents related to the material presented to die board are filed with die secretary for record.) Report, Reorganization, Central Administration President Ikenberry reviewed the general concept of administrative changes he has in mind, indicating that it would be his intent to present a formal recommendation to the board during its consideration of the regular agenda at this meeting. H e said that there would be a need for at least one acting vice president to serve during the search (in business and finance) and stated his intention to recommend Mr. Craig Bazzani, associate vice president for planning and budgeting, to hold this acting position. If the overall recommendation is approved at this meeting, he will bring to the trustees in November recommendations with regard to acting officers. Recovery of Funds Mr. Costello, the university counsel, indicated that settlement negotiations with the sureties are continuing and diat it is possible that the University will need to act upon a settlement offer quickly — in which case the Executive Committee of die Board of Trustees is empowered to act. He said that the pending litigation is scheduled to go to trial on December 6, 1982. At this point, the Board of Trustees recessed to convene a meeting of the Buildings and Grounds Committee. MEETING AS A COMMITTEE OF THE WHOLE T h e board reconvened as a meeting of the Committee of die Whole at 10:20 a.m. to receive a presentation on the University's program of internal auditing by Sidney M . Stafford, director of University audits, a n d others.