Skip to comments.CA: UC takes step toward oversight
Posted on 06/17/2006 9:48:45 AM PDT by NormsRevenge
University of California officials have formed search committees for three new administrative posts to help improve fiscal oversight and management following a compensation controversy. The new positions are a chief operating officer and a chief financial officer who will oversee non-academic functions within the UC Office of the President and a compliance officer who will ensure that university practices and policies are followed.
A number of reviews into UC pay practices found that administrators routinely circumvented or ignored policies in order to secure better salary deals for top executives.
Salary ranges for the jobs are still being finalized, a university spokesman said Friday.
The chief operating officer search committee consists of UC regents Richard Blum, Joanne Kozberg and Norm Pattiz, UC President Robert Dynes and John Oakley, chair of the Academic Council. Provost Rory Hume is an advisory member. The chief financial officer search committee consists of Blum, Dynes, Oakley and regent Russell Gould, with Senior Vice President Bruce Darling as an advisory member. The compliance officer search committee consists of Blum and fellow regents Eddie Island, Eric Juline and Fred Ruiz.
UC Board of Regents Chairman Gerald Parsky will chair all three committees.
The positions will be filled as soon as possible following a national search, the spokesman said.
Gee, too bad Sarbanes and Oxley are retiring, or they might pass a law to protect shareholders. What? No shareholders? Taxpayers? Well, who gives a rats a$$.