UofL Foundation executive committee cancel special meeting on La - wave3.com-Louisville News, Weather & Sports

UofL Foundation executive committee cancel special meeting on Labor Day

LOUISVILLE, KY (WAVE) - The executive committee of the University of Louisville Foundation canceled a special meeting that was set to take place on Labor Day. The meeting was expected to discuss a possible audit of the organization and unspecified personnel matters.

An agenda for the meeting said the committee will consider approval of a request for proposals for a complete financial examination of the foundation. Then, they were to move into executive session to discuss personnel matters.

On Monday, a board member warned the Foundation board chair that the Foundation didn't have the right to pay Dr. James Ramsey a settlement to resign from the UofL Foundations Board of Trustees.

Ramsey's contract states once he resigned as UofL president, the Foundation could terminate the relationship with Ramsey.

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