April 3, 2006
UNIVERSITY OF HOUSTON SYSTEM
BOARD OF REGENTS
ADMINISTRATION AND FINANCE COMMITTEE
| Members Present: | Members Absent: |
|
Michael J. Cemo, Chair
Calvin W. Stephens, Vice Chair Dennis D. Golden Leroy L. Hermes Robert B. Johnson Morgan Dunn O’Connor Lynden B. Rose Thad “Bo” Smith |
Morrie K. Abramson |
The Administration and Finance Committee of the University of Houston System Board of Regents convened in Room 220 E. Cullen, University of Houston, on Monday, April 3, 2006. Noting the presence of a quorum, Chairman Cemo called the meeting to order at 11:55 am.
Cambridge Associates representative, Bruce Myers, updated the Regents on the University’s endowment performance and asset allocation. Mr. Myers stated that Cambridge needed 6-7 hours with the committee to achieve the 2006 endowment work plan as presented to the regents. Discussion ensued whether to call two or three meetings for this purpose or to schedule one day-long session. The Regents agreed to one day-long session and requested Mr. Myers provide Averill Buchanan with suggested dates in June.
Additionally, Mr. Myers would like a subcommittee of regents to hear a presentation from the firm Whippoorwill and then report to the full board at the May 2, 2006 committee meeting. Averill Buchanan will coordinate a date with Regents Cemo, Hermes and Smith. This meeting should also include John Rudley, Jim McShan and Raymond Bartlett if possible.
In absence of further business, the committee adjourned at 1:05 pm.
All documentation submitted to the Board in support of the foregoing action items, including but not limited to “Passed” agenda items and supporting documentation presented to the Board, is incorporated herein and made a part of these minutes for all purposes.
| Others Present: | |
|
G. Jay Gogue John Rudley Raymond Bartlett Donald Foss |
Jim McShan Averill Buchanan Bruce Myers Dona Hamilton |
