McCartan presides over last Board of Trustees meeting
Kaitlynn Riely | Friday, May 18, 2007
Three Notre Dame graduates were elected to the Board of Trustees (BOT) and nine board members were re-elected to new three-year terms when the group convened on campus May 4-5 for its spring meeting.
The BOT’s Student Affairs Committee also listened to a presentation on the creation of the student union endowment by former student body president Lizzi Shappell, former vice president Bill Andrichik and outgoing Student Union Board manager Patrick Vassel. Liz Brown, who was Shappell’s chief executive assistant and is now student body president, also attended the meeting, along with vice president Maris Braun.
The spring meeting was the last time the Trustees, which now number 56, met on campus under the leadership of chair Patrick F. McCartan. Richard Notebaert, the chairman and chief executive officer of Qwest Communications International, was elected chair in February and will assume this position July 1.
At the meeting, the University Fellows – six lay members and six priests of the Congregation of the Holy Cross who make up Notre Dame’s ultimate governing body – re-elected nine trustees to serve new terms. The re-elected trustees were McCartan, Robert F. Biolchini, Cathleen P. Black, JosÃ© E. Fernández Sr., W. Douglas Ford, Douglas Tong Hsu, Philip J. Purcell III, William F. Reilly and Phyllis W. Stone.
The Fellows also elected two new Fellows and re-elected another one.
Shirley W. Ryan and McCartan were elected as Fellows. McCartan, as the board chairman, was an ex officio Fellow for the past seven years.
Notebaert is a Fellow already and will hold this position in the ex officio capacity once he becomes Board chairman in July. Rev. E. William Beauchamp, the president of the University of Portland, was re-elected as Fellow.
The Board announced at the conclusion of its meetings that three graduates – Stephen J. Brogan, Jay Flaherty and John W. Glynn Jr. – had been elected to serve on the BOT.
Brogan graduated from Notre Dame Law School in 1977 and is now managing partner of Jones Day, an international law firm. Brogan deals with cases involving complex litigation, including securities, banking, corporate criminal investigations and product liability issues.
Brogan received his bachelor’s degree from Boston College. At Notre Dame, he was the executive editor of the Law Review. He took a job at Jones Day after graduation from Notre Dame, took two years off to serve as a deputy assistant attorney general in the Department of Justice, and then returned to the firm. Brogan succeeded McCartan in 2003 to become managing partner of Jones Day.
Brogan and Jones Day are benefactors of the Law School. Brogan served for seven years as a member of the Law School’s advisory council.
Brogan has one daughter who has graduated from Notre Dame and another one who is a student at Notre Dame.
Flaherty attended Notre Dame as an undergraduate, earning a bachelor’s degree in accountancy in 1979. Since 2002, he has been the chairman and chief executive officer of Health Care Property Investors (HCP), based in Long Beach, Calif. Before taking up this position, he worked at Merrill Lynch and Co. for 19 years and was elected managing director of the company in 1991. In that position, he was responsible for overseeing several investment banking industry groups at the firm.
Flaherty has a master of business administration degree (MBA) from the Graduate School of Management at the University of California, Los Angeles. Between undergraduate and graduate school, he worked for two years as a certified public accountant in Ernst and Whinney in Boston.
Flaherty sits on the board of directors of Quest Diagnostics Inc. and on the board of governors of the National Association of Real Estate Investment Trusts. Since 1999, he has served on an advisory council for the College of Arts and Letters at Notre Dame.
Glynn graduated from Notre Dame in 1962 with a bachelor’s degree in history and is the founder and general partner of Glynn Capital Management and Glynn Ventures in Menlo Park, Calif. Glynn has been a venture capital investor in private companies since 1970, with a focus on hardware, software, networking communications, medical devices, biotechnology and medical service companies. He is an advisor to New Enterprise Associates, a venture firm with more than $3.5 billion under management.
Glynn has a law degree from the University of Virginia Law School and an MBA from Stanford University. Since 1998, Glynn has served on the advisory council for Notre Dame’s College of Arts and Letters and since 2000 has sat on the advisory board of the University’s Gigot Center for Entrepreneurial Studies.
Last year he and his wife, Barbara, contributed $10 million to expand and fortify the Glynn Family Honors Program, a joint initiative of the College of Arts and Letters and the College of Science.
Notre Dame student government leaders gave a 30-minute presentation to the BOT Student Affairs Committee on May 3. The endowment – announced to the student body at the end of Shappell and Andrichik’s term this spring – is a fund composed of money from “The Shirt” project royalty fund and from the student government’s carry-forward account. Shappell said the endowment would provide funding for events for future student bodies.
Shappell said the trustees’ reaction to the endowment was “very positive.”
“They indicated that this is a positive step in assuring fiscal responsibility and potentially better programming on our campus,” Shappell said.
Board members also had positive comments about her administration, she said.
“They were extremely flattering of our work this past year,” Shappell said “It was an honor to receive such positive feedback from the Board.”
Leaders of the student government make three presentations to the BOT throughout the year.