Board of Visitors minutes :: November 11, 1993 :: University of Virginia Library

APPROVAL OF AMENDMENT OF THE FAMILY AND MEDICAL LEAVE POLICY OF THE UNIVERSITY OF VIRGINIA

APPROVAL OF THE ARCHITECT SELECTION FOR THE LAW SCHOOL MASTER PLAN

APPROVAL OF THE ARCHITECT SELECTION FOR THE MOUNTAIN LAKE BIOLOGICAL STATION AQUATICS LABORATORY PROJECT

APPROVAL OF THE ARCHITECT SELECTION FOR THE CLINCH VALLEY COLLEGE INTERCOLLEGIATE FOOTBALL AND BASEBALL FIELDS PROJECT

APPROVAL OF EASEMENT FOR VIRGINIA ELECTRIC AND POWER COMPANY TO CROSS UNIVERSITY OF VIRGINIA PROPERTY

APPROVAL OF THE SITING AND ARCHITECTURAL DESIGN GUIDELINES FOR THE STUDENT RESIDENCE FACILITY PROJECT

APPROVAL OF THE PROJECT PRELIMINARY DESIGN FOR THE CLINCH VALLEY COLLEGE UPPER CAMPUS PRECINCT PLAN INCLUDING THE NEW CONSTRUCTION OF AN EDUCATION AND DEVELOPMENT CENTER CLASSROOM BUILDING AND THE RENOVATION OF THE ZEHMER BUILDING

AUTHORIZATION FOR THE EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER AND ASSISTANT VICE PRESIDENT FOR FINANCE TO SIGN CONTRACTS WITH THE VIRGINIA COLLEGE BUILDING AUTHORITY FOR LEASED EQUIPMENT NOT EXCEEDING $4.38 MILLION

TRANSFER OF FUNDS FROM THE ESTATE OF GEORGE TERRIEN TO THE UNIVERSITY OF VIRGINIA LAW SCHOOL FOUNDATION

RESOLUTION REMOVING RESTRICTIONS ON UNIVERSITY INVESTMENTS IN COMPANIES DOING BUSINESS IN SOUTH AFRICA

APPROVAL OF THE ARCHITECT FOR THE STUDENT RESIDENCE FACILITY PROJECT

GIFTS, GRANTS AND CONTRACTS

REPORT ON THE ACTIONS OF THE EXECUTIVE COMMITTEE ON SEPTEMBER 30, 1993

APPROVAL OF RESOLUTION ADOPTED BY THE EXECUTIVE COMMITTEE WITH MINOR AMENDMENT

RESOLUTION TO STUDY MANAGERIAL FLEXIBILITY AND AUTONOMY PROPOSALS FOR THE MEDICAL CENTER

RESOLUTION APPROVING THE ESTABLISHMENT OF THE VIRGINIA NEUROLOGICAL INSTITUTE

CONFIRMATION OF APPOINTMENT OF MEMBERS TO THE BOARD OF THE VIRGINIA NEUROLOGICAL INSTITUTE

APPROVAL OF SUMMARY OF AUDIT REPORTS

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

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

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

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4796

APPROVAL OF RESOLUTION ADOPTED BY THE EXECUTIVE COMMITTEE
WITH MINOR AMENDMENT

The following resolution was adopted:
WHEREAS, the Finance Committee is charged with the responsibility, pursuant to Section 3.21 of the Manual of the Board of Visitors, to approve on behalf of the Board "the investment of endowment and other funds";
WHEREAS, in discharging this responsibility the Finance Committee has adopted policies and related guidelines which stipulate the types, ranges, and limitations of permissible investments of endowment and other University funds, and the permissible purposes and extent of expenditures of investment income derived therefrom; and
WHEREAS, in the interim between meetings of the Finance Committee there arise certain matters associated with the implementation of the investment policies and guidelines, particularly pertaining to the selection and termination of investment managers and the redistribution of funds among investment managers, which matters would be more efficiently and effectively attended to by a subcommittee of the Finance Committee;
RESOLVED that an Investment Subcommittee of the Finance Committee, consisting of threefour members appointed by the Chair, (with three members constituting a quorum), be and is hereby established and specifically authorized to select, monitor the performance of, and terminate investment managers, and to review and approve the redistribution of funds among investment managers;
FURTHER RESOLVED that the Investment Subcommittee shall discharge such delegated responsibilities in conformance with the investment policies and guidelines adopted or hereafter amended by the Finance Committee, and shall provide a quarterly report of its activities to the Finance Committee.