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ERIC Number: ED496507
Record Type: Non-Journal
Publication Date: 2007
Pages: 5
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-1068-1027
The Risks of Trustee "Managerialism"
MacTaggart, Terrence J.
Association of Governing Boards of Universities and Colleges, Trusteeship v15 n1 Jan-Feb 2007
Advocates of corporate governance reform hailed passage of the Sarbanes-Oxley Act in 2002 as a long-overdue raising of the accountability bar for corporate directors. Although SOX, as the law is widely known, does not legally apply to nonprofit boards, it has profoundly influenced the way many trustees, especially current and former corporate executives serving on college boards, envision their governance roles. At its best, this new orientation leads governing boards to engage more purposefully in the critical issues facing their institutions. At its worst, it leads trustees to jump the line between policy setting and management--to the detriment of both. The author offers some examples of this "new managerialism," defines it in greater detail, and suggests some ways in which presidents can protect themselves and their institutions from its worst features.
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; Reports - Descriptive
Education Level: Higher Education
Audience: Administrators
Language: English
Sponsor: N/A
Authoring Institution: Association of Governing Boards of Universities and Colleges, Washington, DC.