Viewing page 33 of 145

This transcription has been completed. Contact us with corrections.

-5-

Committee warmly endorsed the Secretary's sensitive approach to date and urged that a full report, including a proposed motion expressing the Regents' encouragement for further explorations, be included in the agenda for the Board's consideration at the May 11 meeting.

The Secretary also noted that, in part because the cancelled meeting in January left a number of important agenda items (such as the proposed Smithsonian credit card and the idea of a major capital campaign) to be fully discussed at the Regents' next meeting, the May 11 meeting of the Board appeared likely to require more time than usual. Accordingly, arrangements are being made to continue the meeting through luncheon, and if successful this format might be continued in the future to allow more time for substantive discussion of the major issues before the Board. It was suggested that consideration be given in the future to placing noncontroversial agenda items on a calendar for the unanimous consent of the Regents as a further means of reserving the Regents' time at meetings for the discussion and resolution of the most substantive matters.

After discussing a number of additional items in detail, including the backlog of essential maintenance and repairs, the status of the proposed Smithsonian credit card, and considerations bearing on a major capital campaign, all of which will need the Regents' full discussion at their meeting, the Committee adjourned its meeting at approximately 1:30 p.m.

[[underline]] Report of the Audit and Review Committee [[/underline]]

Mr. Acheson introduced the following report of the Audit and Review Committee's meeting of March 12, 1987. In discussion which ensued, the Regents expressed their disappointment at the apparent lack of progress in increasing the representation of minorities and women in the