 | Board of Visitors minutes April 13, 2007 |  |
EXECUTIVE SESSION
On motion, the Board went into Executive Session at 11:15 a.m., after adopting the following motions:
That the Board of Visitors convene in Closed Session to consult with General Counsel on Honor Committee procedures and on his privileged legal report to us concerning pending and anticipated litigation affecting the University, as provided for in Section 2.2-3711 (A)(2) and (7) of the Code of Virginia.
That the Board of Visitors of the University of Virginia convene in Executive Session for the purpose of discussing and/or approving personnel actions involving the appointment, reappointment, nomination, evaluation, performance, compensation, and resignation of specific University officers and employees as provided for in Section 2.2-3711 (A) (1) of the Code of Virginia.
That the Board of Visitors go into Closed Session to discuss and consult with legal counsel on UVIMCO investing and leveraging the University's endowment through an offshore entity and borrowing of funds, where competition or bargaining is involved and where, if made public initially, the financial interest of the University would be adversely affected, as permitted by Section 2.2-3711 (6), (7), (8) and (21) of the Code of Virginia.
The Board recessed at 12:30 p.m., to attend the Founder's Day lunch.
The Board resumed its meeting, in Executive Session, at 2:35 p.m.
At 2:40 p.m., the Board resumed in Open Session after adopting the following resolution certifying that its discussions in Executive Session had been conducted in accordance with the exemptions permitted by the Virginia Freedom of Information Act:
That we vote on and record our certification that, to the best of each Board member's knowledge, only public business matters lawfully exempted from open meeting requirements and which were identified in the motion(s) authorizing the closed session, were heard, discussed or considered in closed session.
| Board of Visitors minutes April 13, 2007 | |