Download - Keeping an effective higher ed board
© 2016 Grant Thornton LLP. All rights reserved. 1
keeping an
effectivehigher ed
board
© 2016 Grant Thornton LLP. All rights reserved. 2
A trustee is a link between the institution + the constituencies that support it + are served by it.
Because a college or university’s most valuable asset is its good name…
A trustee’s top priority should
be protecting the institution's reputation.
© 2016 Grant Thornton LLP. All rights reserved. 3
For effective service, a board should considercurrent makeup & plan for the future…
Recruitment, retention + motivation Leadership continuity Balance of skills Education + orientation Culture focused on strategy + risk
Don’t be afraid to self-evaluate
© 2016 Grant Thornton LLP. All rights reserved. 4
Recruitment, retention + motivation
Recruitment, retention + motivation
Leadership continuityBalance of skillsEducation +
orientation Culture focused on
strategy + risk
Ease the burden of trustee recruitment. The board should focus on ways to provide exciting and rewarding service opportunities.
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Leadership continuity
Recruitment, retention + motivation
Leadership continuityBalance of skillsEducation +
orientation Culture focused on
strategy + risk
Provide continuity and create a succession plan.Formal or not, boards should identify future chairs + leadership roles.
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Balance of skills
Recruitment, retention + motivation
Leadership continuityBalance of skillsEducation +
orientation Culture focused on
strategy + risk
Review the make-up + skill sets of trustees.• What can we improve upon?• Where are the holes?• Do we know what skills are essential for
us?
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Education + orientation
Recruitment, retention + motivation
Leadership continuityBalance of skillsEducation +
orientation Culture focused on
strategy + risk
Invest time + create opportunities for trustees’ continued development. Establish a commitment, and routine, to discuss skill development + opportunities.
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Culture focused on strategy + risk
Recruitment, retention + motivation
Leadership continuityBalance of skillsEducation +
orientation Culture focused on
strategy + risk
Skillfully keep your strategy intact, while monitoring risks to it’s objectives. Utilize your ERM program + spend time mitigating those risks.
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