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ERIC Number: ED412852
Record Type: Non-Journal
Publication Date: 1996
Pages: 27
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
The New Activism of Corporate Boards and the Implications for Campus Governance. AGB Occasional Paper No. 26.
Chait, Richard P.
Association of Governing Boards of Universities and Colleges
This paper maintains that the most influential management models for higher education derive from the corporate sector and that this crossover effect promises increasing board of trustee activism in the academic world. Corporate boards have come under increasing public pressure to be more responsive and responsible for active management. In turn, academic boards of trustees are reexamining their roles and effectiveness in the face of increased public scrutiny, constituent pressures, and media coverage. Boards are broadening channels of communication by meeting directly with constituents, probing strategic issues formerly not considered in their domain, and seeking to thoroughly inform themselves of their presidents' roles and performance. Changes include faculty representation on boards, more open meetings with members of the university community, and adoption of consent agendas that allow more time for consideration of strategic issues as less time is spent on routine matters. The relationship between boards and presidents will be reconfigured and systematic performance reviews may lead boards of trustees to relate pay to performance and more tightly control presidential perquisites and compensation. Among other changes, these will lead to academic boards functioning as senior corporate partners with their presidents, and boards that are informed, involved, and accountable. (Contains 38 references.) (JLS)
Association of Governing Boards of Universities and Colleges. 1133 20th Street NW Suite 300, Washington, DC 20036. Tel: 800-356-6317; Tel: 202-296-8400; Fax: 202-223-7053; Web site: http://www.agb.org
Publication Type: Opinion Papers
Education Level: N/A
Audience: Policymakers
Language: English
Sponsor: N/A
Authoring Institution: Association of Governing Boards of Universities and Colleges, Washington, DC.