The University of Hawaii Board of Regents will begin its annual evaluation of UH President M.R.C. Greenwood at its monthly meeting next week on Maui.

The evaluation process is starting even as the regents consider whether to end her employment contract.

Greenwood has been under fire for her management decisions and UH spending since the UH-Manoa athletic department lost $200,000 in an alleged Stevie Wonder concert scam over the summer. Two men were indicted on wire fraud charges this week for the alleged theft of UH funds.

The regents have held three closed-door meetings since Oct. 12 to discuss Greenwood’s future at UH. The board hired attorney William McCorriston under a $25,000 contract to assist them with their discussions on Greenwood’s contract. McCorriston negotiated a $1.6 million settlement with former UH President Evan Dobelle, when Dobelle was fired and then allowed to resign in 2004.

The board’s agenda for the Thursday meeting, released Friday, shows the regents will talk about Greenwood’s evaluation and employment contract in executive session at UH Maui College. The items are being discussed behind closed doors because they involve personnel matters and consultation with attorneys.

The regents will also hold a public discussion and release a task group report on the failed Stevie Wonder concert. The report, prepared by the accounting firm of KMH LLP under a $50,000 contract, is expected to look at the accounting procedures and controls at the athletic department and UH system to see whether procedures were violated and whether changes need to be made to prevent a similar incident from happening again.

Greenwood’s annual evaluation is a multistep process that begins with setting goals for the academic year and then measuring how the president has done on her goals in May.

For the last three years, the board rated Greenwood’s performance as "exceptional," and at its January 2011 meeting, the board extended her employment contract until 2015.

Greenwood’s contract sets her pay at about $475,000 a year, plus a $5,000-a-month housing allowance, but she took a 10 percent pay cut along with other top UH management because of the university’s budget problems, giving her a salary of $427,512 a year.

There are other items on the board’s agenda, including a public discussion of an undocumented immigrant policy and a policy on student fees. The board will also discuss, in executive session, the sale of UH-West Oahu land to the Catholic Church.