Page 1 of 4 Senate Minutes May 5, 2014, Schemes and Mind Maps of Corporate Finance

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May 5, 2014

Minutes Urbana-Champaign Senate Meeting May 5, 2014 A regular meeting of the University of Illinois at Urbana-Champaign Senate was called to order at 3:13 pm on the third floor of Levis Center with Chancellor Phyllis Wise presiding and Professor Emeritus H. George Friedman, Jr. as Parliamentarian. Approval of Minutes 05/05/14-01 The minutes from April 14, 2014 were approved as distributed.

Senate Executive Committee Report Roy Campbell (ENGR), faculty senator and Chair of the Senate Executive Committee (SEC) reviewed the agenda and wished everyone a good summer.

05/05/14-02 Chair Campbell made a motion to extend floor privileges to the following individuals:

To speak to EP.14.25R and EP.14.26R: Professor Louis Chan, Chair of Finance in the College of Business Professor Virginia France, Department of Finance Professor Waqar Ahmed, Program Head, Master of Accounting Science Tim Flanagin, Academic Advisor, Department of Finance Professor Jon Davis, Head of Accountancy Professor Larry DeBrock, Dean of the College of Business To speak to RS.14.03: Professor D. Fairchild Ruggles, Dept. of Landscape Architecture

05/05/14-03 Floor privileges were approved without objection.

Tellers for the meeting were faculty senators H.F. (Bill) Williamson (LAS), Steve Michael (BUS), and Randy McCarthy (LAS). Chancellor’s Remarks Chancellor Phyllis Wise mentioned the Campus Town Hall meeting held recently where Wise and Provost Adesida hosted a conversation with the campus community on this year's progress, campus goals for the coming year, and budget and pension challenges. Wise felt the meeting was productive. Questions/Discussion None

Consent Agenda Hearing no objections, the following proposals were approved by unanimous consent.

05/05/14-04 EP.14.33* Proposal from the College of Fine and Applied Arts to Establish the Graduate Minor in Art History

05/05/14-05 EP.14.35* Proposal from the College of Fine and Applied Arts to Establish a BA in Dance

05/05/14-06 EP.14.37* Proposal from the College of Liberal Arts and Sciences (LAS) to Establish an Undergraduate Minor in Civic Leadership

05/05/14-07 EP.14.38* Proposal from the College of Liberal Arts and Sciences (LAS) to Establish an Undergraduate Concentration in Civic Leadership in the BALAS in Political Science

May 5, 2014

05/05/14-08 EP.14.39* Proposal from the College of Education and the Graduate College to Establish a Graduate Concentration in Global Studies in Education in the EdM, MA and PhD in Educational Policy Studies

05/05/14-09 EP.14.40* Proposal from the College of Education and the Graduate College to Revise the Graduate Concentration in Educational Administration and Leadership in the EdM, MS, CAS, EdD and PhD in EOL

05/05/14-10 EP.14.41* Proposal from the College of Education and the Graduate College to Rename and Revise the Graduate Concentration in eLearning in the EdM in Human Resource Education

05/05/14-11 EP.14.42* Proposal from the College of Education and the Graduate College to Revise the Graduate Concentration in Human Resource Development in the Ed.M. in Human Resource Education

05/05/14-12 EP.14.43* Proposal from the College of Education and the Graduate College to Re-designate the Graduate Majors in EPS, EOL and HRE as the Graduate Major in EPOL

05/05/14-13 EP.14.44* Proposal from the College of College of Business and the Graduate College to Establish a Graduate Concentration in Corporate Governance and International Business

05/05/14-14 EP.14.45 ***** Proposal from the College of College of Business and the Graduate College to Establish a Graduate Concentration in Information Technology and Control

05/05/14-15 EP.14.46 ***** Proposal from the College of College of Business and the Graduate College to Establish a Graduate Concentration in Supply Chain Management

05/05/14-16 EP.14.47 ***** Proposal from the College of Liberal Arts and Sciences (LAS) and the Graduate College to Revise the Graduate Minor in Balkan Studies

05/05/14-17 EP.14.48* Proposal from the College of Liberal Arts and Sciences (LAS) and the Graduate College to Revise the Graduate Minor in Russian, East European, and Eurasian Studies

05/05/14-18 EP.14.49* Proposal from the University of Illinois at Chicago College of Business Administration to Reorganize and Rename the Center for Human Resource Management

05/05/14-19 EP.14.50* Proposal from the College of Engineering to Revise the BS in Electrical Engineering

Proposals (enclosed) 05/05/14-20 SC.14.10* Senate and Senate Executive Committee (SEC) Calendar for 2014-

SEC Chair Campbell presented the Senate/SEC calendar for 2014-15 and moved approval. No discussion.

05/05/14-21 By voice vote, the 2014-15 Senate/SEC calendar was approved.

05/05/14-22 EP.14.25R* Proposal from the College of Business and the Graduate College to Establish a Graduate Concentration in Finance

05/05/14-23 On behalf of the Senate Committee on Educational Policy (EPC), Chair Miller made a motion to amend EP.14.25, which was adopted at the April 14, 2014 meeting, by substituting EP.14.25R. It became clear to the sponsor that it was important to establish the concentration rather than change the minor. No discussion.

05/05/14-24 By voice vote, the motion to amend EP.14.25 by substituting EP.14.25R was approved.

05/05/14-25 EP.14.26R* Proposal from the College of Business and the Graduate College to Establish a Graduate Concentration in Accountancy and to Revise the Graduate Minor in Accountancy

May 5, 2014

05/05/14-26 On behalf of the EPC, Chair Miller made a motion to amend EP.14.26, which was adopted at the April 14, 2014 meeting, by substituting EP.14.26R. No discussion.

05/05/14-27 By voice vote, the motion to amend EP.14.26 by substituting EP.14.26R was approved.

05/05/14-28 LB.14.01* Resolution in Support of Continued University of Illinois Stewardship of CARLI

05/05/14-29 On behalf of the Senate Committee on the Library, Chair Mary Mallory presented the resolution and moved approval of LB.14.01. During discussion, Mallory noted that during the University Administration’s (UA) Review, concern was expressed about the sizable reserves CARLI’s (Consortium of Academic and Research Libraries in Illinois) budget reflected. The UA now understands that the budget reserve is for a costly technological upgrade and is no longer concerned about the sizeable budget reserve. Mallory added that the Springfield and Chicago campuses have passed similar resolutions in support of CARLI.

05/05/14-30 By voice vote, the motion to approve LB.14.01 was approved.

05/05/14-31 RS.14.03* Resolution Reaffirming Principles of Academic Freedom, Fair Employment, and Appropriate Unit Governance over Curriculum

05/05/14-32 On behalf of the sponsors named in RS.14.03, Kathryn Oberdeck (LAS) moved approval of RS.14.03. The motion was seconded and discussion followed. Oberdeck added that she and proposal co-sponsors felt that the three principals of academic freedom, fair employment practices, and appropriate unit autonomy in determining curriculum and hiring have not been fully upheld as of late.

05/05/14-33 Graber (AHS) made a motion to substitute the following language for RS.14.03. The motion was seconded and robust discussion followed. Resolution Reaffirming Principles of Academic Freedom, Fair Employment, and Appropriate Unit Governance over Curriculum

W HEREAS, the Senate of the Urbana-Champaign Campus is committed to the principles of academic freedom and fair employment, and

W HEREAS, the Statutes of the University of Illinois state that each academic department "has the fullest measure of autonomy consistent with the maintenance of general college and university educational policy and correct academic and administrative relations with other divisions of the University", (Article IV, Section 1.b) and

W HEREAS, the Statutes of the University of Illinois further state that "the basic criteria for employment and promotion of all university staff... shall be appropriate qualifications for and performance of the specified duties;" (Article IX, Section 1) therefore

BE IT RESOLVED THAT the Senate of the Urbana-Champaign Campus reaffirms its commitment to the principles of academic freedom, fair employment practices for all faculty, both tenured and non-tenured, and appropriate unit autonomy, and

BE IT FURTHER RESOLVED THAT, because the implementation of these principles is instantiated in the deliberations and review of committees duly established by this Senate and within the shared governance framework, nothing in this resolution shall be taken as a pre-emptive judgment by the Senate on any matter that may come before these committees.

May 5, 2014

Graber added that her intention in putting the alternate language forward was to clarify some of the concerns that were expressed at the last SEC meeting.

05/05/14-34 By show of hands, the motion to substitute the alternate language presented by Graber (AHS) was approved. 32 yes; 22 no

Additional discussion followed.

05/05/14-35 By show of hands, the motion to adopt the amended RS.14.03 was approved. 44 yes; 21 no.

Current Benefits Issues H. F. (Bill) Williamson (LAS), member of the Senate Committee on Faculty and Academic Staff Benefits, reported that over the weekend, Representative Hayes attempted to correct the typographic error in the Illinois Pension Code. Reports 05/05/14-36 SUR.14.03* Report on SURSMAC Meeting – April 7, 2014

New Business None Adjournment The meeting adjourned at 4:18 pm.

Jenny Roether, Senate Clerk

*Filed with the Senate Clerk and incorporated by reference in these minutes.