This is the text of the letter that University of Denver board of trustees chairman Trygve Myhren sent last week to all faculty, staff and students at the Daniels School of Business and the members of the Daniels Executive Advisory Board.
June 6, 2013
This is a follow-up of my letter to you last week on an issue pertaining to Scott Reiman, a member of our Board of Trustees. In that letter, I outlined the conclusions reached by a committee of the Board of Trustees which probed below the surface of the SEC’s circumstantial allegations against Mr. Reiman and concluded that he violated no standards of legal or ethical conduct to which the Trustees hold themselves.
Because Scott is very much aware of how this matter may appear to some who have not had the advantage of the Committee’s in-depth probes, he is concerned about the potential impact on the reputation of the University of Denver. Consequently, in what he judges to be in the best interests of DU and Daniels, he has decided to step down as the Chair of the Board of Trustees Investment Committee, and will vacate his position as a member of that committee.
We all thank Scott for his lengthy leadership of the Committee and his unwavering commitment to the University, and are quite pleased that he will remain an active member of the Board of Trustees in other capacities.
Best Regards,
Trygve Myhren
