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IHL Clarifies Rumors of Replacing UM Foundation Members

By Talbert Toole
Lifestyles Editor
talbert.toole@hottytoddy.com

The Institution of Higher Learning released a statement Thursday regarding the Mississippi Today article which hinted that the Board of Trustees was considering replacing members of the University of Mississippi Foundation-a private institution.

“Any rumors of the Board of Trustees considering replacing the membership of the governing board of the UM Foundation are simply false,” the statement reads.

The article by Mississippi Today reported that according to a bylaw the “chancellor and the IHL have the power to disband the foundation board at their discretion.

However, according to the IHL’s statement, that bylaw was removed which fell under Section I. According to the IHL Policy 301.0806, the IHL did have the power to restructure governing boards of organizations affiliated with universities that fell under the jurisdiction of the IHL.

The amended policy was first read and approved in the board’s June meeting followed by a final approval in the August meeting. This process occurred during the university’s chancellor search, according the IHL statement.

The board also emphasized that it has not tried to pressure the foundation to pay any supplement towards the chancellor’s salary. The article by Mississippi Today reported that the foundation and the board were in a gridlock regarding how much each entity would pay.

“The UM Foundation Board and the Board of Trustees are not at an impasse,” the IHL statement reads.”The Foundation Board will vote at its next meeting and the Board of Trustees will accept that decision, whatever that decision may be.”

President and CEO Wendell Weakley of the UM Foundation released a statement Friday on behalf of the foundation in response to the IHL.

“Consistent with the IHL’s statement, to my knowledge, there has been no communication between an IHL trustee and UMF Board members suggesting that Section 7.6 of our current Affiliation Agreement between the University of Mississippi and The University of Mississippi Foundation should be considered by our Board in reaching a decision on the request for the supplement.”

Weakley stated that he is confident that the board will take all relevant information into account and have a thorough deliberation when making decisions on behalf of the university.

 


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