Current through all regulations passed and filed through September 16, 2024
(A) Purpose.
The compensation subcommittee of the board finance and
administration committee shall be responsible for the establishment of annual
performance goals, for the process of annual performance evaluations and for
setting the compensation of the president, those senior vice presidents who
report directly to the president and any other officers or employees as the
president shall direct.
(B)
Membership.
Appointments to this subcommittee will be made yearly by the
chair of the board. The subcommittee shall consist of no less than three
members appointed from the regular members of the board who are members of the
finance and administration committee.
(C) Responsibilities.
The compensation subcommittee shall:
(1) Review annually the compensation of the
president and the senior vice presidents reporting directly to the president.
In connection with this review the subcommittee may request that the senior
associate vice president for human resources prepare an analysis of the
market-competitiveness of university compensation relative to the compensation
at comparable institutions;
(2) For
the president, recommend annual performance goals and establish criteria for
awarding annual incentive bonuses, prepare a performance evaluation for the
previous year and recommend to the chairperson of the board adjustments to
compensation based on that evaluation;
(3) For senior vice presidents reporting
directly to the president, review and approve goal statements, performance
review materials and any recommendations for compensation adjustments prepared
by the president;
(4) Review
annually the outside activity reports and outside compensation of the president
and the senior vice presidents who report to the president and the quarterly
report prepared by the university of Cincinnati foundation of expenditures on
behalf of the president;
(5)
Perform evaluations, set performance goals, and review and recommend changes to
the compensation of such other officers and employees as the president may from
time to time direct.
(6) Ensure
compliance with university compensation policies and practices and terms of any
applicable employment agreements in the exercise of the responsibilities set
forth in this rule.
Replaces: 3361:30-17-01
