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ERIC Number: EJ974866
Record Type: Journal
Publication Date: 2012
Pages: 6
Abstractor: ERIC
Reference Count: N/A
ISSN: ISSN-1068-1027
New Strategies for Managing Risks: A Balancing Act for Boards
Pelletier, Stephen
Trusteeship, v20 n1 p14-19 Jan-Feb 2012
The stately collegiate gothic buildings that define the iconic West Campus at Duke University evoke a strong sense of stability and the status quo. Like all institutions of higher learning, Duke faces many potential challenges to campus equilibrium--some of which could prove devastating to the university. Risk is inherent in academe, yet colleges and universities still lag behind business and industry in the development of enterprise-risk-management strategies. This article describes how top leadership at Duke took ownership of campus risk. With strong engagement from trustees, they developed a comprehensive strategy for risk management and evolved into an institutional culture that is attuned to risk-related challenges. The experience at Duke offers lessons and insights for universities that seek to bolster their own approach to risk management and mitigation. (Contains 3 resources.)
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: North Carolina