Colleges in Peril Can Be Rescued, but Only if Governing Boards Transform Most boards aren't structurally or culturally equipped to deal with a crisis
[...]despite nine consecutive years of enrollment decline and large numbers of mergers and closures, the leadership of most colleges has failed to enact necessary foundational change. [...]trustees are generally supportive, if not passionate about the institution, but unlike corporate directors, tru...
Saved in:
Published in | The Chronicle of Higher Education |
---|---|
Main Authors | , |
Format | Journal Article Trade Publication Article |
Language | English |
Published |
Washington
Chronicle of Higher Education
22.01.2021
|
Subjects | |
Online Access | Get full text |
Cover
Loading…
Summary: | [...]despite nine consecutive years of enrollment decline and large numbers of mergers and closures, the leadership of most colleges has failed to enact necessary foundational change. [...]trustees are generally supportive, if not passionate about the institution, but unlike corporate directors, trustees do not have a direct stake in the success of the entity they govern. Because they are not broadly selected for their expertise as it relates to the institution’s operational and strategic needs, the chief executive and executive teams do not benefit from needed input, nor are they actively challenged relative to planning, decision making, performance, prioritization, or strategy. [...]the typical college board is overwhelmingly large, with dozens of trustees, which can improve inclusion but hurts functionality and efficacy. Information asymmetry. Because their work is volunteer and part time, many board members’ awareness of what is going on at their campuses and in the broader landscape of higher education comes exclusively through reports and updates provided at quarterly (or less frequent) board meetings. |
---|---|
ISSN: | 0009-5982 1931-1362 |