Public higher education is a major recipient of state funding and resources. As such, public colleges and universities directly respond to state needs for higher education and are required to provide transparency in decision-making, which is codified in state open-meeting and record laws. These laws, often termed "sunshine laws," present…

Higher education endowments are an indispensable resource for covering escalating costs, strengthening financial resilience, supporting important campus initiatives, providing financial aid to students, and keeping higher education affordable. Because of the importance of these assets in the revenue mix, the work of college or university…

The traditional role of a college or university finance committee is to oversee an institution's financial operations, ensure that a viable long-range fiscal plan is in place, and recommend financial policies to the governing board. The finance committee may assume additional responsibilities in response to changing needs and expectations of the…

State policymakers and the public at large have a vested interest in the successful governance of their higher education system. The citizens who are appointed or elected to serve as trustees and regents of the state's colleges and universities oversee valuable public assets that they hold in trust for the state and current and future…

Institutionally related foundations are an important partner to all institutions of public higher education. As public colleges, universities, and systems respond to a shifting landscape, related foundations have become increasingly important to their financial sustainability, commitment to academic access and educational excellence, and…

This "Statement on Board Responsibility for the Oversight of Educational Quality," approved by the Board of Directors of the Association of Governing Boards (AGB) in March 2011, urges institutional administrators and governing boards to engage fully in this area of board responsibility. The seven principles in this statement offer suggestions to…

The responsibilities and functioning of college trustee committees on finance are described. It is noted that the role of the finance committee is to recommend policy for board approval, interpret it to the administration, and to monitor the results. The following responsibilities of the finance committee are discussed: overseeing current…

"Making the Grade: How Boards Can Ensure Academic Quality"--popularly referred to as "The Little Yellow Book" by boards, faculty, provosts, and assessment specialists--provides clear guidance for the board's role in the most important "business" of academe: educating students. As public calls for greater accountability skyrocket, this new edition…

This revised edition updates Association of Governing Boards of Universities and Colleges' (AGB's) list of governing board responsibilities, emphasizing board accountability, academic quality and board member conduct. Especially useful in the formal orientation process for new board members, and as a refresher for returning board members. A list…

This report represents the latest State Governance Action Report (SGAR) covering current or just recently completed legislative sessions. Among the most important issues being considered are management autonomy, such as relaxed rules for purchasing, procurement, and human resources, and greater fiscal autonomy measures such as carry-over budgeting…

This paper is the last in a series of reports and initiatives in AGB's Cost Project. The project was designed to build governing board capacity to monitor institutional costs effectively and strategically. Costs and productivity are not new issues in higher education. AGB and its member governing boards have long recognized the importance of…

Two well-known educators discuss the effective use of resources in this document. Both of these presentations were made at the Association of Governing Boards of Universities and Colleges National Conference on Trusteeship in New Orleans on April 30, 1974. The financial section begins with the demographic factors that may influence the amount of…

This publication is part of an Association of Governing Boards of Universities and Colleges (AGB) series devoted to strengthening the role of key standing committees of governing boards. While there is no optimum committee system for institutions of higher education, certain principles, practices, and procedures prevail. The best practices…

The long history of volunteerism in America has its roots in colonial religious and educational enterprises. From the beginning, colleges and universities have been independently governed rather than subject to national or state control. This autonomy is a uniquely American tradition. Over the centuries, the work of academic governing…

America is home to a diverse set of institutions that range from the fabulously well endowed to those that are very poorly funded. Yet many of our poorer institutions provide educations that are just as good as--and in some cases even better than--their richer counter-parts. In this article, the author argues that wealthy institutions of higher…