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.

• John H. Noseworthy, M.D., Chair
• Nina M. Schwenk, M.D., Vice-Chair
• Richard L. Ehman, M.D.
• R. Scott Gorman, M.D.
• Jack P. Leventhal, M.D.
• Dawn S. Milliner, M.D.
• Robert E. Nesse, M.D.
• Kerry D. Olsen, M.D.
• William C. Rupp, M.D.
• Craig A. Smoldt
• Victor F. Trastek, M.D.
• Shirley A. Weis, Secretary

Governance and Management Structure (PDF)

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
• Bradbury H. (Brad) Anderson
• James L. Barksdale
• Jeffrey W. Bolton
• A. Dano Davis
• Samuel A. DiPiazza Jr.
• Roy A. Herberger Jr., Ph.D.
• Roger A. Lindahl
• Marilyn Carlson Nelson
• Jonathan J. Oviatt
• Darrell L. Sandeen, Secretary
• Anne M. Tatlock
• Gregory J. Warner
• Shirley A. Weis

Audit and Compliance Committee Charter (PDF)

Business Development Committee

The Business Development Committee is charged with responsibility for oversight and guidance for Mayo Clinic's business initiatives that extend Mayo Clinic's clinical, research, educational and administrative knowledge and capabilities beyond the traditional delivery models for patient care, research and education. In addition to monitoring the performance and strategy for Mayo Clinic's portfolio of business activities that are extensions of the core business, the Committee will be responsible for review and endorsement of new business initiatives that meet the agreed-upon criteria.

• Lee R. Raymond, Ph.D., Co-Chair
• Elias A. Zerhouni, M.D., Co-Chair
• James L. Barksdale
• Jeffrey W. Bolton, Secretary
• Sherine E. Gabriel, M.D.
• Roy A. Herberger Jr., Ph.D.
• Marilyn Carlson Nelson
• John H. Noseworthy, M.D.
• Ronald L. Olson
• Jonathan J. Oviatt
• Jade R. Sadosty
• Shirley A. Weis

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
• Bradbury H. (Brad) Anderson
• Jeffrey W. Bolton, Secretary
• A. Dano Davis
• Samuel A. DiPiazza Jr.
• Louis L. Gonda
• C. Michel Harper, M.D.
• Jeffrey O. Korsmo
• Marilyn Carlson Nelson
• Robert E. Nesse, M.D.
• John H. Noseworthy, M.D.
• Kerry D. Olsen, M.D.
• Lee R. Raymond, Ph.D.
• William C. Rupp, M.D.
• Anne M. Tatlock
• Victor F. Trastek, M.D.
• Shirley A. Weis
• Elias A. Zerhouni, M.D.

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 Carlson Nelson, Chair
• A. Dano Davis
• Patricia E. Mitchell
• John H. Noseworthy, M.D.
• Ronald L. Olson
• Jonathan J. Oviatt, Secretary
• Aulana L. Peters
• Anne M. Tatlock
• 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
• Jeffrey W. Bolton
• Louis L. Gonda
• Roy A. Herberger Jr., Ph.D.
• Harry N. Hoffman, Secretary
• Marilyn Carlson Nelson
• John H. Noseworthy, M.D.
• Kerry D. Olsen, M.D.
• William C. Rupp, 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.

• Patricia E. Mitchell, Chair
• Thomas J. (Tom) Brokaw
• Frances A. Cordova, Ph.D.
• Richard L. Ehman, M.D.
• R. Scott Gorman, M.D.
• Jeffrey O. Korsmo
• Jack P. Leventhal, M.D.
• Dawn S. Milliner, M.D.
• Marilyn Carlson Nelson
• John H. Noseworthy, M.D.
• Jonathan J. Oviatt, Secretary
• Nina M. Schwenk, M.D.
• Craig A. Smoldt
• Shirley A. Weis
• Elias A. Zerhouni, M.D.

Nominating Committee Charter (PDF)