The President shall appoint a committee of administrative and teaching faculty charged to design a mechanism to be used for analyzing faculty salaries to identify equity problems. The committee's recommendations shall be reviewed by the President and Vice-Presidents. Once an appropriate mechanism is approved, an understandable summary of its major characteristics shall be published. The analysis shall be conducted in even-numbered years or more often as appropriate. The results of the analysis shall be made available to deans or directors and department heads for their respective facilities