March 13, 1998 Minutes

Board of Directors Meeting

An Executive Session of the Board of Directors of the Universal Service Administrative Company (USAC) was held via conference call on the above date. The meeting was called to order at 4:00 P.M. EST by Lisa Rosenblum, Chair. Edward English, Secretary and Treasurer called the roll.

1. Ms. Rosenblum welcomed the Board. The announced purpose of the meeting was to discuss the selection of a CEO for USAC.
   

2. Mr. Donald Bisken from the Executive Search firm of Heidrick and Struggles described the selection process. All candidates had been measured against the following expectations for the position: a. recommendations on how the universal service programs will be administered currently; b. concern for and a thorough understanding of the rules and regulations; c. ability to develop effective working relationships with key stakeholders; and d. the ability to properly staff and manage the corporation on a going forward basis. Mr. Biskin presented his recommendation to the Board along with his reasons for supporting the candidate.
   

3. The Board discussed the candidate's qualifications. Those who had interviewed the candidate presented their impressions. The Board also discussed issues concerning compensation and term of office. On a motion duly made and seconded the Board unanimously resolved to offer the position of CEO of USAC to the recommended candidate.
   

There being no further business to attend to, on a motion duly made and seconded the meeting was adjourned at 4:38 P.M. EST.

____________________________________
Edward R. English
Secretary

March 13, 1998
Date