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Board of Visitors minutes
May 25, 1990

THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA May 25, 1990

MOTIONS FOR EXECUTIVE SESSION

RESOLUTION IN OPEN MEETING ON WAIVER OF FIVE DAY NOTICE REQUIREMENT

ELECTION OF THE EXECUTIVE COMMITTEE

ESTABLISHMENT AND APPOINTMENT OF A SPECIAL COMMITTEE TO STUDY THE PROCESS OF PRESIDENTIAL SELECTION

SCHEDULE OF MEETING DATES FOR 1991

APPOINTMENT OF STANDING COMMITTEES

APPOINTMENT OF A SUBCOMMITTEE OF THE FINANCE COMMITTEE FOR THE PURPOSE OF SELECTING A BOND MANAGER

Election of Part-Time Faculty

Election of Non-Salaried Faculty

Election of Clinical Faculty

CORRECTION IN THE EFFECTIVE DATE OF THE ELECTION OF MR. ROBERT J. DAVIS

ACTIONS RELATING TO CHAIRHOLDERS

LEAVES OF ABSENCE

CHANGES OF TITLE

CORRECTION IN THE RETIREMENT OF DR. OSCAR A. THORUP, JR.

CANCELLATION OF THE RETIREMENT OF MR. IRWIN R. KONIGSBERG

CANCELLATION OF THE ELECTION OF MR. IRWIN R. KONIGSBERG AS PROFESSOR EMERITUS

RE-APPOINTMENTS

ESTABLISHMENT OF THE DISTINGUISHED PROFESSORSHIP FOR THE DIRECTOR OF THE CENTER FOR PUBLIC SERVICE

ESTABLISHMENT OF THE CHARLES H. ROSS, JR., PROFESSORSHIP IN MULTIPLE SCLEROSIS

CHANGE IN THE NAME OF THE W. NORMAN THORNTON PROFESSORSHIP IN OBSTETRICS AND GYNECOLOGY

APPROVAL OF THE 1990-1991 BUDGET FOR THE ACADEMIC DIVISION

APPROVAL OF THE 1990-1991 BUDGET FOR THE UNIVERSITY MEDICAL CENTER

APPROVAL OF THE 1990-1991 BUDGET FOR CLINCH VALLEY COLLEGE

APPROVAL OF THE 1990-1991 MEDICAL CENTER ROOM RATES

APPROVAL OF WRITE-OFF OF BAD DEBTS AND FREE SERVICE

APPROVAL OF THE REPORT OF THE BAD DEBTS COMMITTEE FOR THE FISCAL YEAR, 1989-1990

APPROVAL OF INCREASE IN RETURNED CHECK FEE

APPROVAL OF FUNDING FOR THE ACADEMIC ENHANCEMENT PROGRAM

APPROVAL OF AUTHORIZATION FOR THE VICE PRESIDENT FOR BUSINESS AND FINANCE TO ENTER INTO THE MEMORANDUM OF UNDERSTANDING WITH THE UNIVERSITY OF VIRGINIA ALUMNI ASSOCIATION, EFFECTIVE July 1, 1990

APPROVAL OF AUTHORIZATION FOR THE VICE PRESIDENT FOR BUSINESS AND FINANCE TO SEEK STATE APPROVAL OF EARLY RETIREMENT INCENTIVES FOR CLINCH VALLEY COLLEGE

APPROVAL OF RESOLUTION FOR AUTHORIZATION TO PARTICIPATE IN COMMONWEALTH OF VIRGINIA 9-C BOND ISSUE

APPROVAL OF A UTILITIES EASEMENT AT THE NORTHWEST CORNER OF THE NORTH GROUNDS OF THE UNIVERSITY TO THE ALBEMARLE COUNTY SERVICE AUTHORITY TO PERMIT THE CONSTRUCTION AND MAINTENANCE OF A SANITARY SEWER LINE TO SERVE THE COLONNADES PROJECT

APPROVAL OF THE FIRM OF HUGHES GROUP ARCHITECTS FOR THE PERFORMANCE OF ARCHITECTURAL DESIGN FOR THE NORTH GROUNDS RECREATION FACILITY PROJECT AND THE SLAUGHTER RECREATION FACILITY PROJECT

RESOLUTION AUTHORIZING ACQUISITION OF RADIOTHERAPY ONCOLOGY FACILITY AND EQUIPMENT

RESOLUTION APPROVING THE ESTABLISHMENT OF THE UNIVERSITY OF VIRGINIA SUBSTANCE ABUSE STUDIES FOUNDATION

APPOINTMENT OF MEMBERS TO THE CLINCH VALLEY COLLEGE ADVISORY COUNCIL AND CHANGES IN THE BY-LAWS OF THE COUNCIL

APPROVAL OF PROPOSED CHANGES IN TIAA/CREF RETIREMENT PLAN

APPROVAL OF THE 1989-90 and 1990-91 BUDGETS OF FUNDS FROM THE PRATT ESTATE FOR SPECIFIC DEPARTMENTS IN THE SCHOOL OF MEDICINE AND ARTS AND SCIENCES

PROPOSED REVISIONS TO BOARD OF VISITORS GUIDELINES FOR STUDENT ACTIVITIES CURRENT FUND ALLOCATION

APPROVAL OF THE UNIVERSITY OF VIRGINIA FACILITIES MASTER PLAN

ELECTION OF DR. WILLIAM H. MULLER, JR., AS VICE PRESIDENT FOR HEALTH AFFAIRS EMERITUS

ELECTION OF KENNETH R. CRISPELL, M.D., AS VICE PRESIDENT FOR HEALTH AFFAIRS EMERITUS

ELECTION OF MR. JOHN J. OWEN AS VICE PRESIDENT FOR DEVELOPMENT EMERITUS

ELECTION OF THOMAS H. HUNTER, M.D., AS VICE PRESIDENT FOR MEDICAL AFFAIRS EMERITUS

ELECTION OF MR. VINCENT SHEA AS VICE PRESIDENT FOR BUSINESS AND FINANCE EMERITUS

ELECTION OF MR. JOSEPH C. SMIDDY AS CHANCELLOR EMERITUS OF CLINCH VALLEY COLLEGE

APPROVAL OF A STATEMENT ON ANTI-DISCRIMINATION

RESOLUTION AUTHORIZING ACQUISITION OF CERTAIN PROPERTIES FOR THE HEALTH SCIENCES CENTER PROJECT

APPROVAL OF SUMMARY OF AUDIT REPORTS

REPORT ON CONSTRUCTION

GIFTS, GRANTS AND CONTRACTS

NOMINATION OF DEAN HARRY W. PORTER, JR., FOR RE-ELECTION TO THE ARCHITECTURAL REVIEW BOARD

APPROVAL OF EXECUTIVE SALARIES

RESOLUTION CONCERNING INVESTMENTS IN COMPANIES DOING BUSINESS IN SOUTH AFRICA

REPORT OF STATEMENT BY LEIGH B. MIDDLEDITCH, JR.

REPORT OF STATEMENT BY JESSE B. WILSON, III

ADDENDUM TO THE OFFICIAL MINUTES OF THE MEETING OF THE BOARD OF VISITORS OF THE UNIVERSITY OF VIRGINIA

ATTACHMENT A UNIVERSITY OF VIRGINIA CENTER FOR ADVANCED STUDIES 444 CABELL HALL CHARLOTTESVILLE, VIRGINIA 22903 Office of the Director OUTCOME OF MEETING OF THE SPECIAL ADVISORY COMMITTEE ON THE PRATT FUNDS 05/11/90

SCHOOL OF MEDICINE Budget Proposal For Pratt Bequest

SCHOOL OF ARTS AND SCIENCES Budget Proposal For Pratt Bequest

SCHOOL OF ARTS AND SCIENCES Budget Proposal For Pratt Bequest

SCHOOL OF ARTS AND SCIENCES Budget Proposal For Pratt Bequest

SCHOOL OF MEDICINE Budget Proposal For Pratt Bequest

SCHOOL OF MEDICINE Budget Proposal For Pratt Bequest

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RESOLUTION CONCERNING INVESTMENTS IN COMPANIES DOING BUSINESS
IN SOUTH AFRICA

The following resolution was adopted with 13 members voting in favor. Two Members, Leigh B. Middleditch, Jr., and Jesse B. Wilson, III, voted against the resolution. See statements below.
WHEREAS, The Board of Visitors has consistently stated its abhorrence of apartheid, has regularly received and reviewed reports of the Proxy Advisory Committee, has mandated a program of support for black South African students, and has pursued a policy of selective divestment in companies that do business in South Africa; and
WHEREAS, The Board in January, 1990 decided to revisit the divestment issue,
NOW, THEREFORE IT BE RESOLVED, That the Board of Visitors, exercising its legal authority and responsibility under Virginia Code sections 23.81 and 55.268.4, directs the Vice President for Business and Finance to begin to implement a policy of divestment of individual holdings in those United States companies having direct investments in South Africa -- that is, material assets controlled by the home corporation, such as inventories, sales offices, manufacturing operations or employees which are so identified on lists published by the Investor Responsibility Research Center.
AND BE IT FURTHER RESOLVED, That the Board periodically will revisit the divestment issue, following closely any changes in conditions in South Africa that might warrant reinvestment.
AND BE IT FURTHER RESOLVED, That the pace of divestment shall be determined by the Vice President for Business and Finance, consistent with the Board's legal responsibility to
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"exercise ordinary business care and prudence . . . . and to consider long and short-term needs of the institution in carrying out its educational . . . purposes, its present and anticipated financial requirements, expected total return on its investment, price level trends, and general economic conditions." The Vice President is directed to report regularly to the Finance Committee and to the full Board on actions taken pursuant to this policy.
AND BE IT FURTHER RESOLVED, That the following corollary steps shall be taken: The Proxy Advisory Committee shall be reappointed for the coming academic year and the educational and scholarship programs endorsed by the Board in 1987 shall be continued.