FAMU Task Force To Resolve Financial Problems Formed - Higher Education

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FAMU Task Force To Resolve Financial Problems Formed

by Associated Press

TALLAHASSEE – Retired Florida Supreme Court Justice Leander Shaw was one of eight members who were recently named to a task force, heavy on legal and education governance talent, that will try to help Florida A&M University resolve financial and accounting problems.

Those issues have become so severe some lawmakers have called for a criminal investigation, but the Task Force on FAMU Financial and Operational Control Issues will have a different focus.

It will examine the areas of highest institutional risk, review and identify gaps in policies and procedures, prepare a plan to correct deficiencies, ensure compliance with policies, procedures and standards and make recommendations.

The panel also will work closely with the state’s auditor general and the Joint Legislative Audit Committee.

Board of Governors Chairwoman Carolyn King appointed Lynn Pappas of Jacksonville, who chairs the board’s Audit Committee, to head the task force. The governors oversee the State University System.

Pappas is one of four lawyers on the task force including Shaw of Tallahassee. Then-Gov. Bob Graham appointed Shaw to the Supreme Court in 1983. He served as chief justice in 1990-92.

The task force includes another Board of Governors member, Ava Parker, also a Jacksonville lawyer, and two members of Florida A&M’s board of trustees, W. George, Allen, a Fort Lauderdale lawyer, and William “Bill’’ Jennings, retired executive director of the Greater Orlando Aviation Authority.

Florida International University board of trustees member Albert Dotson Sr., of Miami, also brings governance experience to the panel. He is chairman and CEO of Puryear Inc., a consulting firm.

Rounding out the task force are Barbara Bowles of Chicago, vice chairwoman of Profit Investment Management, and Edward Penson of Tallahassee, general chairman and senior scholar of Penson Associates Inc., a research and consulting firm.

Penson is a former president of Salem College and former chancellor of the University of Wisconsin-Oskosh.

Roberts said she will ask members to provide a tentative scope of their work to the board at its March 29 meeting.

 

–Associated Press



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