[1986-12-12] Minutes of a meeting of the Executive Committee of the Board of Visitors of Virginia Commonwealth University December 12, 1985.

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          MINUTES OF A MEETING OF THE EXECUTIVE COMMITTEE 
      OF THE BOARD OF VISITORS OF VIRGINIA COMMONWEALTH UNIVERSITY 
                December 12, 1985


      A meeting of the Executive Committee of the Board of Visitors of 

    Virginia Commonwealth University was held on Thursday, December 12, 

    1985, at 10:30 a.m. in the University Meeting- Center.

      Present were Messrs: Smith (Chairman), Berry, Farinholt, Grey, 

    Lipman, Morris and Reynolds; and Mrs. Whittemore. Also present were 

    Drs. Ackell, Connell, Ruch and Wilson; Messrs. Brown, Bruegman, Ross 

    and Ware; and Mrs. Price.

      Mr. Smith called the meeting to order and on motion made and sec- 

    onded, the Committee convened into executive session to discuss the 

    investing of public funds as authorized by Section 2.1-344 a(5) of the 

    Virginia Freedom of Information Act.
      Following executive session, on motion made and seconded, the 

    Committee approved the appointment by the Rector of a Special Committee 

    which is to present a resolution at the January Board meeting on an 

    investment policy and accepted the Investment Performance Report. Mr. 
    Smith announced that Mr. Morris would chair the Special Committee to 

    review the investment policy. Also serving would be Messrs. Grey and 
    Reynolds along with Mr. Tilden Good, the student representative to the 

    Board. Messrs. Brown and Johnson were asked to work with the Committee 

    in developing the resolution.

       The meeting was adjourned at 11:35 a.m.

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                Approved:W. Roy Smith, Rector             James B. Farinholt, Jr., Secretary