MN: President’s board role in question

A regent, a law professor and former Gov. Arne Carlson are demanding state and federal agencies investigate University of Minnesota President Joan Gabel’s role on a financial board. The Minneapolis Star Tribune reports Regent Darrin Rosha, University of Minnesota law professor Richard Painter and Carlson sent a letter to the U.S. Securities and Exchange Commission and the state attorney general alleging Gabel’s position on Securian Financial’s board is a conflict of interest. The university pays about $4.6 million annually to Securian Financial affiliate Minnesota Life to cover employee life insurance. Gabel says the letter is misleading.  She said she went through the university’s conflict management process before accepting the board position.