Board of Trustees Committee Charters

Mayo Clinic Board of Governors

The Mayo Clinic Board of Governors functions as the executive committee of the Board of Trustees and has all of the powers of the Board of Trustees which may arise between meetings of the Trustees.

• Denis A. Cortese, M.D., Chair
• Nina M. Schwenk, M.D., Vice Chair
• George B. Bartley, M.D.
• Richard L. Ehman, M.D.
• Glenn S. Forbes, M.D.
• Jack P. Leventhal, M.D.
• Leslie N. Milde, M.D.
• Robert E. Nesse, M.D.
• Kerry D. Olsen, M.D.
• Craig A. Smoldt
• Victor F. Trastek, M.D.
• Shirley A. Weis, Secretary

Governance and Management Structure

Audit and Compliance Committee

The Audit and Compliance Committee has the power to select, engage, discharge, and approve compensation arrangements with independent accountants to audit the books and records of the Corporation and oversees the accounting and financial reporting processes of Mayo Clinic and the audit of the financial statements of Mayo Clinic.

• Aulana L. Peters, Chair
• A. Dano Davis
• Roy A. Herberger Jr., Ph.D.
• James L. Barksdale
• Jeffrey W. Bolton
• Roger A. Lindahl
• Jonathan J. Oviatt
• Darrell L. Sandeen, Secretary
• Anne M. Tatlock
• Gregory J. Warner
• Shirley A. Weis

Audit and Compliance Committee Charter

Finance Committee

The Finance Committee reviews and makes recommendations to the full Board of Trustees regarding the business policies, strategies and practices of Mayo Clinic.

• Ronald L. Olson, Chair
• Roy A. Herberger Jr., Ph.D., Vice Chair
• James L. Barksdale
• George B. Bartley, M.D.
• Jeffrey W. Bolton, Secretary
• Denis A. Cortese, M.D.
• A. Dano Davis
• Glenn S. Forbes, M.D.
• Louis L. Gonda
• Jeffrey O. Korsmo
• Robert E. Nesse, M.D.
• Kerry D. Olsen, M.D.
• Lee R. Raymond, Ph.D.
• Anne M. Tatlock
• Victor F. Trastek, M.D.
• Shirley A. Weis

Governance Committee

The Governance Committee approves compensation policies, salaries and other forms of compensation paid to all Internal Members of the Board of Trustees and to Officers of Mayo Clinic, and compensation policies and salary ranges applicable to all physicians (excluding physicians in resident training programs) employed by tax-exempt entities of which Mayo Clinic is the sole member.

• Marilyn C. Nelson, Chair
• James L. Barksdale
• Denis A. Cortese, M.D.
• Ronald L. Olson
• Jonathan J. Oviatt, Secretary
• Aulana L. Peters
• Hugh B. Price
• Shirley A. Weis

Investment Committee

The Investment Committee reviews and makes recommendations to the full Board of Trustees regarding the investment policies, strategies, and practices of Mayo Clinic.

• Anne M. Tatlock, Chair
• James L. Barksdale
• George B. Bartley, M.D.
• Jeffrey W. Bolton
• Glenn S. Forbes, M.D.
• Louis L. Gonda
• Roy A. Herberger, Jr., Ph.D.
• Harry N. Hoffman, Secretary
• John H. Noseworthy, M.D.
• Victor F. Trastek, M.D.

Nominating Committee

The Nominating Committee recommends to the Board of Trustees nominees to fill current or anticipated vacancies of any Public Trustee position.

• Hugh B. Price, Chair
• James L. Barksdale
• Thomas J. (Tom) Brokaw
• Denis A. Cortese, M.D.
• Thomas A. Daschle
• Richard L. Ehman, M.D.
• Jeffrey O. Korsmo
• Jack P. Leventhal, M.D.
• Leslie N. Milde, M.D.
• Patricia E. Mitchell
• Marilyn C. Nelson
• Jonathan J. Oviatt, Secretary
• Franklyn G. Prendergast, M.D.
• Nina M. Schwenk, M.D.
• Craig A. Smoldt
• Shirley A. Weis

Nominating Committee Charter