Page 22 - October 2023

COMPENSATION COMMITTEE MINUTES (DRAFT)
SEPTEMBER 10, 2023
Members Present: I. King Jordan, Chair; Bea Awoniyi, Mike Miller, and Sherry Salway Black The meeting was called to order at 3:40 pm
1. Approval of Minutes
The minutes of the March 19, 2023 meeting were approved as circulated.
2. Updated Health Insurance Costs
The Committee approved the health insurance costs as presented in the March meeting. However, the costs were updated since then to reflect changes and additions. The Committee approved the health insurance costs with the changes and additions.
3. Business arising from the minutes. There was no business arising from the minutes.
4. Other Business
The Committee discussed the role and charge of the Compensation Committee and how it relates to the Board roles and responsibilities. This subject was raised by Malcolm given the prior discussion of health insurance for the CEO’s spouse. King conducted research and will also discuss a review of the Committee charge with Bill Corwin, chair of the Governance Committee. This will be on the agenda for the December 2023 Committee Meeting.
The meeting was adjourned at 3:47 pm.
The next scheduled meetings:
Winter 2023 – Saturday, December 2 – Palm Beach, Florida March 2024 – Sunday, March 17 – Gainesville, Florida
Respectfully submitted September 19, 2023.
Sherry Salway Black I. King Jordan Recording Secretary Chair
Page 20 October Report