Wednesday, August 5, 2015

Governance Group Urges Board Members to Be Loyal and Obedient

The Chronicle of Higher Education
August 4th, 2015

Saying that governance is “at a crossroads,” the Association of Governing Boards of Universities and Colleges on Tuesday released new guidance stressing that university trustees be loyal to their institution, among other things. The document, a “statement on the fiduciary duties of governing-board members,” outlines three main duties for board members: care, loyalty, and obedience.
The 11-page statement is “designed as a tool,” it reads, “to orient board members to the elements of fiduciary duty and to recommend proven practices for translating those duties into effective board conduct.”

No comments:

Post a Comment

To eliminate spam comments at restricted to registered users. Additionally, all posts are moderated to further prevent spam and off topic discourse. We strive to post all on topic comments.