NORTHERN MICHIGAN UNIVERSITY

BOARD OF TRUSTEES

Minutes of the Meeting of the Executive Committee

Wednesday, July 13, 2011

 

A meeting of the Executive Committee of the Board of Trustees of Northern Michigan University was held on Wednesday, July 13, 2011.† It was convened by Chair Jon G. LaSalle at 11:00 a.m.†

 

Participating were:†

 

Mr. Jon G. LaSalle, Chair††††††

Mr. Stephen F. Adamini†††††††† ††††††††††† †††††††††††

Mr. Brian D. Cloyd

††††††††††† Dr. L. Garnet Lewis

 

Presidentís Goal Ė USOEC Long Term Strategy

 

The Committee considered adding the maintenance and growth of the USOEC to the Presidentís goals.† It was decided to approach this goal when the Committee discusses the 2012 Presidentís goals.† The Committee asked President Wong to undertake the development of a strategic plan for the maintenance and growth of the USOEC and to report that plan back to the Executive Committee at the September Board meeting.

 

Board of Trustees Budget

 

The Committee reviewed the Board of Trustees expenses for 2010-2011 and the budget for 2011-2012.

 

Presidentís Deferred Compensation

 

The Committee reviewed the Presidentís Deferred Compensation plan.†

 

The Committee recommends to the Board the approval for the implementation of a 403(c) annuity for President Wong.†† This recommendation is not part of the formal recommendations and requires a motion and a vote.

 

Presidential Contract Revision

 

The material for the Presidential contract was not yet ready; however, it is anticipated the Committee will have a recommendation to submit to the Board at the September 2011 meeting.

 

Mr. LaSalle adjourned the meeting at 11:45 a.m.

 

Respectfully submitted,

 

 

Jon G. LaSalle, Chair