September 12, 2007
UNIVERSITY OF HOUSTON SYSTEM
SPECIAL CALLED
BOARD OF REGENTS MEETING
| Members Present: | Members Absent: |
|
Welcome W. Wilson Chair
Calvin W. Stephens, Secretary Jim P. Wise, Secretary Michael J. Cemo Leroy L. Hermes Morgan Dunn O’Connor Lynden B. Rose |
Dennis D. Golden
Raul A. Gonzalez Christopher Sharpe |
The University of Houston System Board of Regents convened in Room 220 Conference Room, ECullen Building, 4800 Calhoun, Houston, Texas on Wednesday, September 12, 2007. Before the meeting convened the new officers of the board were sworn in: Welcome W. Wilson, Sr. as chairman; Calvin W. Stephens as vice chairman; and Jim P. Wise as secretary. Judge Kenneth Wise officiated.
Noting the presence of a quorum, Chairman Wilson called the meeting to order at 12:35 p.m.
Chairman Wilson recessed for the Endowment Management Committee and turned the meeting over to Regent Cemo.
ENDOWMENT MANAGEMENT COMMITTEE REPORTRegent Cemo called the meeting to order at 12:35 p.m. and stated the committee had met that day, September 12, 2007, and approved the following items:
- Appointment of Investment Manager(s) – UH System
Regent Cemo requested board approval to replace Arnold & S. Bleichroeder with Alliance Bernstein. -
Appointment of Investment Consultant – UH System
Regent Cemo requested board approval to extend Cambridge Associates contract for an additional five-year term, with the option of reviewing them on an annual basis. Approval is also requested to delegate to the Interim Chancellor the authority to negotiate and execute the contract.
After hearing the committee report, Chairman Wilson reconvened to a full Board meeting at 12:40 p.m.
Regent Rose moved Board approval of the items as presented. Regent Stephens seconded the motion, which passed unanimously.
The last item on the agenda is the Executive Session. Pursuant to Subchapter D of Chapter 551 of the Texas Government Code, which allows governing boards to meet in closed session, the Board of Regents went into Executive Session at 12:40 p.m.
EXECUTIVE SESSION REPORT
The Board reconvened the meeting at 1:22 p.m. and Chairman Wilson announced that the regents consulted with General Counsel, Dona H. Cornell and discussed property and personnel issues. There was no action taken in Executive Session.
In absence of further business, the Board adjourned at 1:22 p.m.
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; however, this does not constitute a waiver of any privileges contained herein.
| Others Present: | |
|
John M. Rudley
Dona H. Cornell Donald J. Foss Jim McShan Donald Birx Raymond Bartlett Mayra Cruz |
Judge Ken Wise
Janis Newman John Powell Oscar Gutierrez David Bell Michelle Sabino Gerry Mathisen |
