Committee approves nonpublic meeting on IT security; interim compliance officer reviews annual reports

The University of Minnesota’s Audit and Compliance Committee voted on Dec. 11, 2025, to hold a nonpublic meeting to discuss information technology security under Minnesota Statute 13D.05, subd. 3(d), approving a resolution to convene in the West Committee Room at the McNamara Alumni Center later the same day.

Ms. Marquesani read the resolution aloud, stating: “Be it resolved that in accordance with Minnesota statute 13 d 0.05 subdivision 3 d, a non public meeting of the audit and compliance committee be held on Thursday, 12/11/2025 in the West Committee Room, 600 McNamara Alumni Center, for the purpose of discussing information technology security.” The motion to approve the resolution was made and seconded by committee members; the chair called for the ayes and the committee approved the resolution by voice vote.

Earlier in the meeting, Interim Chief Compliance Officer John Gooten framed the compliance materials that had been provided as a flipped presentation in the meeting docket and invited questions. Gooten said the presentation covered “our compliance program, the annual misconduct reporting, and also the requirements from the institutional conflict policy.” Committee materials note a planned April agenda item to examine the broader compliance landscape and governance of compliance functions in more depth.

Chair Verhalen thanked staff and presenters and recessed the public meeting to end the recording; the committee announced a short recess to allow people to leave the room before the nonpublic session.

The resolution cites Minnesota statute as the legal authority for the nonpublic session; the committee record in the meeting transcript includes the read resolution text, motion, second and an audible voice vote but does not record a roll-call tally or name each voter.