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ERIC Number: EJ794142
Record Type: Journal
Publication Date: 2008-Apr-25
Pages: 1
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0009-5982
Trustees Are Playing a Greater Role in Managing Colleges' Risks
Wolverton, Brad
Chronicle of Higher Education, v54 n33 pA20 Apr 2008
College trustees are stepping up their oversight as institutions seek new revenue sources and as government scrutiny of higher education continues to increase, a panel of management experts said last week at the annual conference of the Association of Governing Boards of Universities and Colleges. Across the country, board members are hiring independent experts, attending seminars, and asking campus leaders and audit committees about operational risks they fear could harm their institutions. As the financial stewards of their colleges, boards have traditionally kept a close eye on the financial health of their institutions. Trustees, college presidents, and other observers here said that board members were becoming increasingly vigilant, shifting their attention beyond balanced budgets and into broader areas affecting the reputations of colleges. Trustees said their biggest concerns were ensuring campus safety, monitoring Congressional inquiries into presidents' pay and endowment distributions, and meeting environmental standards in construction.
Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: circulation@chronicle.com; Web site: http://chronicle.com/
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A