Faculty Meeting Minutes Friday, May 8, 2009 10:00 a.m. ~ Room 248 Dean Sudharshan welcomed everyone and began the meeting by showing the new Gatton video. The minutes of the meeting held on December 5, 2008, were unanimously approved. The Dean reported that Gatton College accounting students had performed exceptionally well on the CPA exam. He reported on the probable budget cuts and the impact on the College for 2009-10. There will definitely be a budget cut of 2% which equates to $306,451. This will result in the loss of one faculty line in the School of Management, one in the Department of Economics and a decrease of $22,000 in operating budget items. The 2008-09 budget was $20.6 million with a total of $20.6 million in income. The Executive Education Center (EEC) generated $60,000 in revenue for the faculty. The number of freshman for the 2009-10 academic year will be equivalent to the number admitted in the fall of 2008, which was 575. Dr. David Ziebart, Director of the Von Allmen School of Accountancy, announced that Robert Ramsay has been promoted to full professor. Three new faculty members have been recruited for fall. They are Hong Xie, associate professor and two assistant professors, Monika Causholli and Brian Bratten. It was also announced that Professor Ziebart will serve as Director of the Von Allmen School of Accountancy for another four years. Dr. Scott Kelley, Director of the School of Management, announced that Brian Dineen has been promoted to associate professor with tenure. The Sports Marketing Academy will be held the week of May 11-14. Dr. John Garen announced that he will be stepping down as Chair of the Department of Economics and a search will be conducted for his replacement. Dr. Thomas Ahn has been recruited for the Poverty Center. Melissa Huffman, Director of Technology, announced that the University has purchased new software which will replace Sedona. It is Digital Measures which will make more data available at our fingertips. The pilot program will begin at the end of May. Several Gatton faculty members have volunteered to use the new software. The software will be available to everyone in the fall. Melissa went on to explain The Vanguard Technology in Education Team. It will be active in the application and implementation of new technologies in the learning environment within the college. This includes technology which can be utilized by instructors in their classrooms as well as learning tools that can be used by students outside the classroom in conjunction with their courses. See the information below which outlines the details of the team. The team will help the Director of Technology determine which technologies to pursue with respect to learning and how to adequately implement those technologies with little inconvenience to the instructors. Goals of Vanguard Tech Team: 1. Provide guidance for the college concerning what technologies will fit well into the learning environment of Business courses. Also, provide guidance on the pedagogical and implementation issues related to utilizing certain technologies in the classroom and for learning outside the classroom. This will include periodically reading information about new technologies being used and provide feedback (Information will be gathered by the tech center). 2. Assist in formulating a plan for testing technologies the team deems promising and assist in creating a plan for the implementation of those technologies that prove doable and useful. 3. Serve as spokesmen/women in getting the word out about the new technologies and help in recruiting faculty to implement the technologies. Associate Dean Merl Hackbart announced that two faculty members will represent the Gatton College on the Senate Council for three-year terms ending in 2012. They are David Hulse, School of Accountancy, and Josh Ederington, Department of Economics. Dr. Hackbart reported that progress has been made on the learning outcomes assessment process to be implemented for the Gatton College. Action Items 1. The MBA and Ph.D. programs receive frequent inquiries from prospective applicants as to whether the GRE can be substituted for the GMAT. As both the GRE and GMAT are aptitude screening tests, it seems that to require the GMAT when the GRE is available may not be justified. This is especially the case when the extra cost involved in taking the GMAT is taken into consideration. We have also acquired percentile translations of GMAT and GRE scores so we have a reasonable assessment of comparability of applicants. There are some indications that when students are nominated for Graduate School Fellowships that the GMAT is not as well understood/appreciated as the GRE as a measure of academic aptitude. Thus, the submission of GMAT scores may place our nominees at a disadvantage. Also, many business schools and colleges now accept the GRE as well as the GMAT The MBA and Graduate Studies Committees recommend: “The Gatton College accepts both the GMAT and GRE exam scores for admission into the MBA and Ph.D. programs in Business Administration.” The motion passed unanimously. A comparison table will be made available for faculty. 2. Given the importance of research at the University of Kentucky and the Gatton College, the following proposal to establish a Gatton College Research Committee is offered: Gatton College Research Committee Role and Responsibilities: The committee would have the following responsibilities: 1) provide advice to the Dean and Operating Committee regarding competitive summer research grants, 2) review research grant requests and make recommendations for research support from a new Gatton College mini research grant initiative, 3) receive nominations for the Robertson Faculty Leadership Research Award and 4) provide advice regarding other matters related to enhancing the research mission of the Gatton College. Note: The Gatton College mini research grant initiative is designed to provide small grants to Gatton faculty during the year to support the acquisition of data bases, specialized research support and the like. In the past, there have been situations where our faculty needed financial support for such activities but we did not have funds set aside for such purposes. The new Committee will review such requests and make recommendations regarding the funding request. The priority for such College supported research grants will be for faculty who do not have Professorships or Chairs. The budgets for the above programs will depend of the College’s budget and supplementary resources. The criteria for both research support programs will be determined by the Faculty Research Committee in conjunction with the Operating Committee. Dr. Hackbart made a motion that this committee be established in the Gatton College. Professor John Garen seconded. Discussion took place on how many members the committee would consist of. It was suggested that the same structure used for the P&T Committee be used consisting of eight members. Dr. Krish Muralidhar asked if the members would be appointed or elected. Dr. Joe Labianca if the committee would advise subject to budgetary constraints. Dr. Joe Peek asked if the committee would make choices or advise. He suggested the language be changed to indicate the committee make choices rather than advise the Dean. Dr. Frank Scott moved to table the motion and establish a committee and revisit it at the fall faculty meeting. 3. Gatton College Work Load Policy final draft sent to the faculty prior to the meeting was presented for approval. Dr. Hackbart explained that faculty with outstanding research may receive a reduced teaching load of one course as merit depending on financial conditions. A chart with the equivalence of teaching in the daytime MBA program vs. regular courses was presented. It has been recommended that the MBA Policy Committee review the 11 Month Teaching Credit Equivalence every year and provide updated information to the Operating Committee. The Operating Committee will approve the document and give it to the unit heads. Dr. Donald Mullineaux moved to accept the Gatton College Work Load Policy. After some discussion the motion was passed. Ms. Susan Krauss, Assistant Treasurer for Investments, was invited to give a presentation to the faculty on the endowment investment and spending policies of the University of Kentucky. After thanking Ms. Krauss for her presentation, Dean Sudharshan told the faculty that the Provost’s Strategic Plan for 2009-10 will be discussed. The expectation is that in Fall 2009 each college, department, and administrative unit will develop action items that are most appropriate to that unit, determine the baseline measure for each action item, and set five-year goals for achievement. Needless to say, at each successive level (e.g., dean to department chair, Provost to dean), there would have to be negotiations about the expected level of achievement. The Dean strongly encouraged the faculty to attend the graduation ceremonies in May to show how much the Gatton students are valued. The meeting adjourned at 11:00 a.m.