Page 44 - 2024 April report

EXECUTIVE & FINANCE COMMITTEE MINUTES SPECIALLY CALLED MEETING
April 4, 2024
Members Present: Malcolm Macleod, Bea Awoniyi, Sherry Salway Black, Bill Corwin, Robert Krause (non-voting)
Others Present: Sharon Wood
Malcolm opened the meeting by explaining that his immigration lawyers are working on an appli- cation for his O1Visa for an additional 2 years. One of their ideas to strengthen the application is
to confer the title of Transition Strategy Director on him. Malcolm and Bobby felt that while this action does not have any impact on his consulting compensation, it is a specific role and should be addressed by the Executive and Finance Committee. The thought is to have this role included in the Compensation Agreement Letter (“the Agreement”).
Malcolm left the meeting at this time and Sherry took over as Acting Chair.
When asked about the Agreement as approved, Bobby explained that King had signed it and put it in the mail to the Foundation office, but it was not yet signed by Malcolm. There was quick agreement that adding this role to the Agreement creates firmer legal standing to the matter.
There was discussion regarding the Compensation Committee. Bobby said that he had not spoken to King Jordan as the Compensation Committee Chair since Bobby felt this was first an Executive and Finance Committee matter. It was noted that the delineation of this role in the agreement does not increase the current Board approved compensation, but further justifies the compensation.
The Committee approved recognizing Malcolm Macleod’s role as the Transition Strategy Di- rector and including that in the Compensation Agreement Letter to be executed.
Logistically, it was agreed that Bobby will revise the Agreement and provide this new draft to the attorneys to confirm the adequacy of the language. The draft will then be forwarded to King for sig- nature.
There being no other business, the meeting was adjourned at 8:17 a.m. EDT. Respectfully submitted this 4th day of April, 2024.
Sharon Wood Sherry Salway Black Office Manager Committee Acting Chair
Page 42 April Report