Board of Trustees updated on university's financial situation
At its quarterly meeting March 6 and 7, Queen's Board of Trustees received an update on the university's financial situation from Principal Tom Williams.
Trustees learned more about the impact of budget cuts on various faculties. They also heard about creative and innovative approaches to change the way that the university community does business.
The board also approved a new code of conduct requiring that members sign the acknowledgement annually, as well as declare any potential conflicts of interest.
The current Guidelines for Conflicts/Confidentiality/Collegiality first adopted by the board in 1997 had served it well, but trustees favoured a stronger and more explicit code. You can see the new code of conduct here.
Trustees also approved a spending policy and payout, statement on responsible investing, and amendments to signing authorities to include Director of Compensation and remove the position Director, Compensation and Benefits.
Trustees ratified the establishment of the Ernie and Edna Johnson Chair in Ophthalmology.
For details from the March 6 meeting, see the March 23 Queen's Gazette, as the meeting took place after press time for the March 9 issue.