Virginia Law

A. The Authority shall be under the immediate supervision and direction of a chief executive officer, subject to the policies and direction established by the board. The individual who holds the title of Senior Vice-President for Health Sciences of Virginia Commonwealth University, or such other title as subsequently may be established by the board of visitors of the University for the chief academic and administrative officer for the Health Sciences Schools of the University, is not eligible to serve as chief executive officer of the Authority but shall regularly communicate and collaborate with such chief executive officer to support the mutual interests and success of the University and the Authority. Notwithstanding any other provision of law to the contrary, the selection and removal of the chief executive officer, and the conditions of appointment, including salary, shall be made jointly by the board and the board of visitors of the University at a joint meeting of the board and the board of visitors of the University upon a vote of a majority of the members of each board present and voting at the aforementioned joint meeting, acting separately in accordance with applicable provisions of law.

B. In the event that a majority of the members of each board do not agree upon the selection, removal, or conditions of appointment, including salary, of the chief executive officer as provided in subsection A, then each board shall appoint a committee of three members of its respective board to consider the matter upon which the boards disagree. The individual who is appointed to both the board of visitors of the University pursuant to subsection A of § 23.1-2303 and the board pursuant to subsection A of § 23.1-2402 is not eligible to serve as a member of either such committee. The selection, removal, or conditions of appointment shall be made jointly by the two committees at a joint meeting of the committees upon a vote by a majority of the members of each committee present and voting at the joint meeting. In the event that a majority of the members of each committee agree upon the selection, removal, or conditions of appointment of the chief executive officer, then the decision shall be reported to the board and the board of visitors of the University, each of which shall be bound by the decision of the committees.

C. In the event that a majority of the members of each committee do not agree on the removal of the chief executive officer within 30 days of the appointment of the committees by each board, then no further action shall be taken.

D. In the event that a majority of the members of each committee do not agree on the selection or conditions of appointment of the chief executive officer within 30 days of the appointment of the committees by each board, then the process set forth in subsection A and, if necessary, subsection B shall be repeated until such selection has been made or such conditions of appointment have been determined.

E. The chief executive officer shall devote his full time to the performance of his official duties and shall not be engaged in any other profession or occupation.

F. The chief executive officer shall supervise and administer the operation of the Authority in accordance with the provisions of this chapter.

1996, cc. 905, 1046, § 23-50.16:7; 2000, c. 720; 2014, cc. 3, 456; 2016, c. 588; 2023, c. 734; 2026, cc. 444, 445.