 On June 16, 2009, Floyd announced an additional 5% cut to his salary along with other executive board members.Floyd was on the board of the American Council on Education (ACE) Commission on Leadership and Institutional Effectiveness (2004–present), the Knight Commission on Intercollegiate Athletics (2003–present), President George W. Bush's Advisory Board for the White House Initiative on Historically Black Colleges and Universities (2002–present), The Darlington School Board of Trustees (1997–2000) and the Education Commission of the States (1993).He was a Truman Scholarship Reviewer (1999).