UNC Board Member Amended Economic Disclosure in August
Board member Randy Ramsey added a financial interest in Sentinel Risk Advisors following inquiries about his disclosures.
Updated on Oct. 13, 2026 in Public Companies
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Randy Ramsey, a member of the UNC Board of Governors, amended his 2026 Statement of Economic Interest on August 7, 2026, to disclose a financial interest in Sentinel Risk Advisors. The update followed reporting regarding potential omissions in his initial filing.
Why it matters
For North Carolina operators and board members, the disclosure underscores the critical importance of regular, transparent reporting to ensure compliance with state ethics requirements and avoid potential conflicts of interest.
The State Ethics Commission employs five staff members to monitor mandatory economic filings from more than 7,000 public officials. The oversight framework relies on these filings to track potential conflicts of interest across the state.
The players
Randy Ramsey
A member of the University of North Carolina Board of Governors who holds diverse business interests.
Sentinel Risk Advisors
A risk management and insurance brokerage firm founded by Jim Holmes.
State Ethics Commission
A state agency responsible for overseeing and enforcing disclosure requirements for over 7,000 public officials.
Van Isley
A member of the East Carolina University Board of Trustees who also serves on the board of Sentinel Risk Advisors.
The details
Randy Ramsey filed the amendment after receiving inquiries about his interest in Sentinel Risk Advisors, a firm founded by Jim Holmes. Ramsey, who sits on the Sentinel board alongside East Carolina University trustee Van Isley, stated he had not realized he needed to disclose the ownership interest held by one of his own companies. A UNC System spokeswoman assisted in drafting the updated email disclosure following the inquiries.
Timeline
2023: Curi sold its interest in Sentinel Risk Advisors.
2024: Van Isley first reported his financial interest in Sentinel.
January 2026: Ramsey filed his initial 2026 Statement of Economic Interest.
August 7, 2026: Ramsey reported his financial interest in Sentinel.
August 19, 2026: The News & Observer published a report on Ramsey.
Market Landscape
This disclosure amendment follows the established pattern of the North Carolina State Ethics Act, which mandates periodic economic interest reporting for public appointees. It reflects the ongoing administrative challenge of managing disclosures for a large pool of state officials.
Operators in board roles should regularly audit personal and corporate asset holdings against state disclosure requirements. Relying on professional guidance for drafting filings is essential to ensure that all indirect financial interests are accurately represented.
The takeaway
Transparency requires proactive management of both direct and indirect corporate holdings. Business leaders should confirm that their compliance records include all firm-level equity, even when interest is held through an intermediary company.
Further reading
For more on governance and reporting requirements, see Public Companies.
Source note: This article includes information reported by Durham Herald Sun.
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