Amanda Paradis

The meeting involves an executive session convened under 1 MRSA Section 405 6-A to discuss personnel negotiations.

The committee convened an executive session to discuss the evaluation of personnel and the consideration of appointments, evaluations, employment, and duties under the provisions of 1 MRSA Section 405 6-A.

The committee held a review of Defined Contribution Plans, covering fiduciary responsibilities, legislative updates on ESG rules, and litigation trends. The session included an assessment of plan investments, specifically reviewing several funds marked for further observation. The committee received an educational overview on fossil fuel-free investment options and discussed strategies for communicating socially responsible investment choices to plan participants. Additionally, the committee performed a quarterly review of the Managed Investment Pool, Pension Fund, and Operating Fund portfolios, leading to the approval of asset allocation changes, including the termination of Walter Scott Global Equity across relevant portfolios.

The board meeting featured a presentation on emerging technology initiatives at the University of Maine at Augusta, focusing on artificial intelligence and extended reality in pedagogy. The meeting also included presidential reports from across the system covering athletic achievements, research milestones, and upcoming campus developments. The Board approved the appointment of a new Student Representative, the FY2028 meeting calendar, various tenure nominations, and the formation of a College of Nursing and Health Professions at the University of Southern Maine. Additionally, financial matters were addressed, including an investment update, budget forecasts for the fiscal year, and the approval of resolutions regarding bond refunding and energy savings performance contracts. The Board also reviewed proposed changes to several system policies.

The committee convened an executive session to deliberate on personnel evaluations, as well as the consideration of appointments, employment, and the duties associated with specific roles.