Free Essay

The Role of Board of Regents and Board of Trustees in Higher Education

In:

Submitted By mbongoru
Words 992
Pages 4
The Role of Board of Regents and Board of Trustees in Higher Education
Name
Institution Affiliation

The Role of Board of Regents and Board of Trustees in Higher Education
This essay intends to discuss the role of the Board of Regents and those of the Board of Trustees. Both phrases refer to higher education governing boards. The Board of Trustees is the most common term. Universities and colleges in the United States of America are managed by boards of trustees, regents, or other correspondingly titled entities. With regard to their place in the ordered structure, such boards are comparable to the Boards of directors in companies and corporations. America’s higher education is exclusive in its dependence on boards of regents or trustees to provide guidance and oversight to the country’s universities and colleges. The board of regents or Trustees, therefore, ensures that the mission of the institution is attained (New York State Education Department, 2010). Nonprofit, independent, and public universities and colleges employ the board format for their administrating structure.
The board of Regents or Trustees, in its totality, acts as the legal the owner of the institution’s assets. It receives funds, and allocates them to meet the needs of the institution. Moreover, the board has the role of preserving assets, guaranteeing liquidity for projected needs and keeping alive a purchase potential of investable assets. The board is also expected to acquire a reasonable return from a pragmatic measure of risk. The board, therefore, approves investment objectives, policies, strategies, and asset allocations for the planned investments. It appoints investment advisors and obtains reports concerning the performance of investments.
An institution’s charter and bylaws dictate the size of the board. These administering documents are often guided by history, tradition, in addition to the needs of the institution. The trustees or the regents are appointed or elected to the board for a specific term that may be renewed. Many institutions work conscientiously to make certain that the board consists of members who act for the diverse needs of the lecturers, students, and support staff.
By law, the board of trustees or regents is the governing body of an institution of higher learning. It draws its authority from the charter of the institution. The board of Trustees has fiduciary responsibilities, which rest on four recognized pillars: the duty of loyalty, care, obedience and to act in good faith. They are charged with the role of acting constructively on behalf of those individuals whose wellbeing depends on the trust. The duty of loyalty prohibits them from putting other interests before those of the trust. The duty of care necessitates that they accord full attention to their duties as a trustee. The duty of obedience refers that they have a role of promoting the mission of the organization. Finally, the duty of acting in good faith requires that they exercise diligence, competence, as well as impartiality when implementing the roles to which they are elected or appointed. They have a role of ensuring they perform these fiduciary duties failure of which can make vulnerable the good name of the board and institution as well as grind down public confidence in higher education (Mactaggart, 2008).
Boards of Trustees and Regents have a duty to educate. It is the most fundamental trust placed in the care of the board. The duty infers that the institution has to educate effectively. The board, therefore, has to ensure that the students receive quality education. To achieve this, they are required to select a President of the institution who believes in a sound education. The board is thus required to select and evaluate institutional presidents. Additionally, it is required to review institutional performance (Utah System of Higher Education, 2013).
Further, the board of trustees has the role of establishing board policies. The members of the boards are expected to discuss, outline, and implement statements of expectations for their fellow board members. They should draft policies covering disclosure of existent or potential conflicts of interest and the voluntary withdrawal from decision-making where a conceivable conflict may occur. The policies also ought to include the preferences of resolving any disputes among board members.
The boards are also involved in strategic planning and institutional fundraising. They are also expected to buttress the institution financially, either personally or through their influence. The board is thus eventually required to be responsible for the financial health of the institution.
The boards also determine the number as well as the type of board committees an institution should have. The following committees ought to be formulated by boards in colleges and universities: * The Academic Affairs committee that directs new curriculum and new educational programs. It also approves graduates. * The Audit committee ensures that financial records are audited by an independent third party. * The Buildings and Grounds committee reviews and recommends capital maintenance and improvements. * The Finance committee reviews and recommends an institution’s budgets. * The Student Affairs committee is concerned with the out-of-classroom experience of students- this includes recreation facilities, residence hall s and health centers etc.
The Board of regents or Trustees, therefore, run the curriculum, approve new educational programs, and approve graduates. The board also submits a budget request to the Governor of the particular State as well as the State Legislature. The two terms, though interchangeably used in different institutions, play a crucial role of ensuring that the mission of the institution is attained through the many roles they play in higher education institutions situated in the United States.

Bibliography
Mactaggart, D. L. (2008). The New Ethics of Trusteeship: How Public College and University Trustees can Meet Higher Public Expectations. The Ingram Center for Public Trusteeship and Governance.
New York State Education Department. (2010). Statement on the Governance Role of a Trustee or Board Member. Retrieved 2010, from http://www.regents.nysed.gov/about/statement_governance
Utah System of Higher Education. (2013). R220, Delegation of Responsibilities to the President and Board of Trustees. Salt Lake City.

Similar Documents

Premium Essay

Co-Curricular Responsibilty; Educational Impact to College Students

...study Education plays a vital role in man’s journey towards excellence. This serves as the armour of an individual in facing the demands of life, a life where all his needs are supplemented. Nonetheless to attain such individuals of different status, socio-economic class, are sent to school to pursue his/her education. In the Philippine education system, extra or co-curricular activities are implemented to enhance or improve the learning of students not only on the academic field but also on the co-curricular one. Co- curricular activities include student leadership, campus journalism and campus athletics. These are considered as responsibilities that students involved must take and seriously consider. The Republic Act.no. 7079 or the campus Journalism Act of 1991 serves as the basis of Higher Education Institution in organizing such body. As provided by the provision inculcated in the law, Campus publication staffs. Shall serves and must voice out their grievances of the fellow students. Thus, this requires a great sacrifice in the time of coming up of one output either in the form of broadsheet, tabloid, newsletter, magazine, and folio, depending on their choice. On the other hand, as provided by R.A no. 8292 otherwise known as the Higher Education Modernization act of 1997, the formation of the student body organization is thereby required amongst SUC’s, the President of SBO shall serve as the Representative of the students in the board of regents or trustees. Thus in...

Words: 1398 - Pages: 6

Free Essay

Academic Tenure

...Chaminade University MBA Program C THE ETHICS OF ACADEMIC TENURE by Robert M. Armstrong Most everyone at the University of Illinois agrees engineering professor Louis Wozniak can be a pain at work, even though he is generally well-liked by his students. Since August 2010, he has been on paid suspension from the Springfield campus after publicly embarrassing a student he believed contributed to his denial of a $500 teaching award. Yet, this month, in what is believed to be a first-time action by University of Illinois trustees, Wozniak’s 41-year tenure was revoked and his employment immediately terminated after making a(n untrue) joke online about remembering only the names of students with whom he’s had sex. While clearly showing poor judgment and a lack of sensitivity, Wozniak’s situation calls into question the ethical justification for academic tenure, which is the focus of this paper. I will briefly examine tenure’s unique role in higher education from its start to its present-day limitations and whether its institution is ethical, by both those who covet it and those who provide it. In the end, hopefully the reader will understand the forces at play and whether its continuation is merited at American colleges and universities of the future. Academic tenure was proposed as early as 1915 and formally defined, following a series of conferences by 1934. A formal statement of academic tenure was officially agreed to by the American Association of University Professors...

Words: 3490 - Pages: 14

Premium Essay

No Paper to Upload

...REGENT UNIVERSITY COLLEGE OF ARTS & SCIENCES UNDERGRADUATE CATALOG 2013-2014 (Fall 2013-Summer 2014) Regent University 1000 Regent University Drive Virginia Beach, VA 23464-9800 800.373.5504 admissions@regent.edu www.regent.edu PREFACE Regional Accreditation Regent University is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award associates, baccalaureate, masters, and doctorate degrees. Contact the Commission on Colleges at 1866 Southern Lane, Decatur, Georgia 30033-4097 or call 404-679-4500 for questions about the accreditation of Regent University. National and State Accreditation Regent University’s undergraduate school is accredited or certified by the following bodies:   Council for Higher Education Accreditation (CHEA) (www.chea.org/) The Teacher Education Accreditation Council (TEAC) The Regent University School of Education's educational leadership and teacher preparation programs and the College of Arts & Sciences interdisciplinary studies program, which are designed to prepare competent, caring, and qualified professional educators are accredited by the Teacher Education Accreditation Council for a period of seven years, from January 9, 2009 to January 9, 2016. This accreditation certifies that the educational leadership, teacher preparation and interdisciplinary studies programs have provided evidence that they adhere to TEAC's quality principles. Teacher Educational Accreditation Council, One Dupont Circle, Suite...

Words: 74326 - Pages: 298

Premium Essay

Narrative

...Chapter 1 Introduction Education is “an act of taking someone out of ignorance by means of teaching”, as defined by the World Book Encyclopedia. It is considered as social institution. It includes not only the effects of schooling, but also the more pervasive effects of child rearing practices gained from family training, social exposure and other means of media that a learner experienced and accumulated as part of his maturity. It is one of the purposes of education to prepare the youth for their future places in the society and prepare them to combat the real world. Schooling is only part of education. It is the place where a person gains proper training that his family cannot provide. Thus, in a school setting, education will not be considered a full one if there is no teacher. To teach is to make an assumption about what and how the students learn. Here in the Philippines, teachers are important factor in molding the society because of their tasks in guiding the learners out in the world of ignorance. Being a teacher demands basic competencies necessary in carrying out effectively his noble mission of promoting progressive human development and study social amelioration which involves hardwork, limitless dedication, and all around knowledge and skills. As part of the education curriculum, student teaching is one of the most important elements in the training of prospective teachers. According to Lugos (1985), student teaching is “designed to...

Words: 14104 - Pages: 57

Free Essay

Textbook Affordability

...Affordability of College Textbooks: Textbook Prices Have Risen Significantly in the Last Four Years, but Some Strategies May Help to Control These Costs for Students August 2008 Report 2007-116 CALIFORNIA S TAT E A U D I T O R The first five copies of each California State Auditor report are free. Additional copies are $3 each, payable by check or money order. You can obtain reports by contacting the Bureau of State Audits at the following address: California State Auditor Bureau of State Audits 555 Capitol Mall, Suite 300 Sacramento, California 95814 916.445.0255 or TTY 916.445.0033 OR This report is also available on the World Wide Web http://www.bsa.ca.gov The California State Auditor is pleased to announce the availability of an on-line subscription service. For information on how to subscribe, please contact the Information Technology Unit at 916.445.0255, ext. 456, or visit our Web site at www.bsa.ca.gov. Alternate format reports available upon request. Permission is granted to reproduce reports. For questions regarding the contents of this report, please contact Margarita Fernández, Chief of Public Affairs, at 916.445.0255. Elaine M. Howle State Auditor Doug Cordiner Chief Deputy 555 Capitol Mall, Suite 300 CALIFORNIA STATE AUDITOR Bureau of State Audits S a c r a m e n t o, C A 9 5 8 1 4 916.445.0255 916.327.0019 fax w w w. b s a . c a . g o v August 12, 2008 The Governor of California President pro Tempore of the Senate Speaker of the Assembly State...

Words: 41903 - Pages: 168

Premium Essay

Do in America

...0-8018-7833-0 (alk. paper) — ISBN 0-8018-7834-9 (pbk. : alk. paper) 1. Osteopathic medicine—United States—History. [DNLM: 1. Osteopathic Medicine—history—United States. WB 940 G396d 2004] I. Gevitz, Norman. D.O.’s. II. Title. RZ325.U6G48 2004 615.5′33′0973—dc21 2003012874 A catalog record for this book is available from the British Library. Frontispiece courtesy of the Still National Osteopathic Museum, Kirksville, Missouri. For Kathryn Gevitz This page intentionally left blank CONTENTS Preface & Acknowledgments ix Chapter 1 Andrew Taylor Still THE MISSOURI MECCA IN THE FIELD 39 1 22 Chapter 2 Chapter 3 Chapter 4 STRUCTURE & FUNCTION EXPANDING THE SCOPE 54 69 85 Chapter 5 Chapter 6 THE PUSH FOR HIGHER STANDARDS A QUESTION OF IDENTITY The California Merger 101 115 135 Chapter 7 Chapter 8 Chapter 9 REAFFIRMATION & EXPANSION In a Sea of Change 155 Chapter 10 Chapter 11 THE CHALLENGE OF DISTINCTIVENESS 171 Notes 193 Index 237 This page intentionally left blank PREFACE & ACKNOWLEDGMENTS I first became aware of the existence of the osteopathic medical profession during the summer of 1974. I was meeting my friend David,...

Words: 99946 - Pages: 400

Free Essay

Business

...Pakistan Telecommunication Company Limited 2 Annual Report 2012 Contents Company Review 4-5 Corporate Vision, Mission & Core Values 6-7 Board of Directors 8 Corporate Information 9 Awards and Achievements 10-11 The Management 12-15 Operating Highlights - Graphs 16-17 Group CEO's Message 18-35 Directors' Report 36 Composition of Board's Sub-Committees 36 Attendance of PTCL Board Members 38 Statement of Compliance with CCG 39 Auditors' Review Report to the Members Financial Statements 43 Auditors' Report to the Members 44-45 Statement of Financial Position 46 Statement of Comprehensive Income 47 Statement of Cash Flows 48 Statement of Changes in Equity 49-90 Notes to and Forming Part of the Financial Statements Consolidated Financial Statements 93 Auditors' Report to the Members 94-95 Consolidated Statement of Financial Position 96 Consolidated Statement of Comprehensive Income 97 Consolidated Statement of Cash Flows 98 Consolidated Statement of Changes in Equity 99-153 Notes to and Forming Part of the Consolidated Financial Statements Annexes 156-164 Pattern of Shareholding 165 Notice of 17th Annual General Meeting 167 Form of Proxy 3 Pakistan Telecommunication Company Limited Vision & Mission Corporate Vision To be the leading ICT service provider in the region by achieving customers’ satisfaction and maximizing shareholders’ value. Mission To achieve our vision by having: • An organizational environment that fosters professionalism, motivation...

Words: 64628 - Pages: 259

Premium Essay

Mba- Iibm

...IIBM Institute of Business Management Corporate Governance www.iibmindia.in Chapter 1 Corporate Governance Corporate governance refers to the system by which corporations are directed and controlled. The governance structure specifies the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors, managers, shareholders, crors, auditors, regulators, and other stakeholders) and specifies the rules and procedures for making decisions in corporate affairs. Governance provides the structure through which corporations set and pursue their objectives, while reflecting the context of the social, regulatory and market environment. Governance is a mechanism for monitoring the actions, policies and decisions of corporations. Governance involves the alignment of interests among the stakeholders. There has been renewed interest in the corporate governance practices of modern corporations, particularly in relation to accountability, since the high-profile collapses of a number of large corporations during 2001–2002, most of which involved accounting fraud. Corporate scandals of various forms have maintained public and political interest in the regulation of corporate governance. In the U.S., these include Enron Corporation and MCI Inc. (formerly WorldCom). Their demise is associated with the U.S. federal government passing the Sarbanes-Oxley Act in 2002, intending to restore public confidence in corporate...

Words: 33828 - Pages: 136

Free Essay

An Ideal Classroom in an Ideal School

...now increasingly consider international school education as an alternative to the national system in which they lack confidence, and/or as a means of providing a competitive edge for their children in education and labour market terms. In an increasingly globalized world, ‘international-mindedness’, concern for world peace, and the need for intercultural understanding has led to the inclusion of an ‘ideological’ dimension in the mission statements of many such schools. M. Hayden and J. Thompson This booklet provides an insight to the origins and characteristics of international schools, curriculum and assessment, students and teaching staff, and the management, leadership and governance of these schools. The booklet also discusses how international schools (usually private and feepaying) might develop in the future against a backdrop of growing forces of globalization and other international influences. In all cases, attention is drawn to the implications of the issues discussed for both policy-makers and planners in national and international contexts. The authors Mary Hayden is Director of the Centre for the Study of Education in an International Context (CEIC) at the University of Bath, where she teaches and supervises Masters and doctoral students with interests in international schools and international education. She is also Editor in Chief of the Journal of Research in International Education. ISBN:...

Words: 28532 - Pages: 115

Free Essay

Legal Implications

...Berkeley Journal of Gender, Law & Justice Volume 7 | Issue 1 Article 2 September 2013 The Legal Implications of Gender Bias in Standardized Testing Katherine Connor Ellen J. Vargyas Follow this and additional works at: http://scholarship.law.berkeley.edu/bglj Recommended Citation Katherine Connor and Ellen J. Vargyas, The Legal Implications of Gender Bias in Standardized Testing, 7 Berkeley Women's L.J. 13 (1992). Available at: http://scholarship.law.berkeley.edu/bglj/vol7/iss1/2 Link to publisher version (DOI) http://dx.doi.org/ This Article is brought to you for free and open access by the Law Journals and Related Materials at Berkeley Law Scholarship Repository. It has been accepted for inclusion in Berkeley Journal of Gender, Law & Justice by an authorized administrator of Berkeley Law Scholarship Repository. For more information, please contact jcera@law.berkeley.edu. The Legal Implications of Gender Bias in Standardized Testing Katherine Connort Ellen J. Vargyast TABLE OF CONTENTS I. II. INTRODUCTION ....................................... THE FACTUAL CONTEXT ............................. A. The Scope of the Problem ............................ 1. Post-Secondary Admissions Tests .................. 2. Vocational Aptitude Tests and Interest Inventories. B. Causes of Gender Differences in Test Scores ........... 1. Post-Secondary Admissions Tests .................. 2. Vocational Aptitude Tests and Interest Inventories. C. Validity of the Tests .......................

Words: 43113 - Pages: 173

Premium Essay

Exploratory Study on How the Ceo Facilitates

...Final Research Report - 7051-141-1 Colin Brand Page 1 of 240 EXPLORATORY STUDY ON HOW THE CEO FACILITATES THE STRATEGIC MANAGEMENT PROCESS WITHIN SMALL/MEDIUM SIZED COMPANIES ON THE JOHANNESBURG STOCK EXCHANGE (R10 – 80 MIL TURNOVER) A Research Report presented to the GRADUATE SCHOOL OF BUSINESS LEADERSHIP UNIVERSITY OF SOUTH AFRICA FINAL RESEARCH REPORT In partial fulfilment of the requirements for the MASTERS DEGREE IN BUSINESS LEADERSHIP UNIVERSITY OF SOUTH AFRICA BY COLIN GEORGE BRAND “A true leader has the confidence to stand alone, the courage to make tough decisions and the compassion to listen to the needs of others. He does not set out to be a leader, but becomes one by the equality of the integrity of his intent” (Douglas McArthur) Final Research Report - 7051-141-1 Colin Brand Page 2 of 240 ACKNOWLEDGEMENT PAGE This report is dedicated to the following exceptional people in my life, without whom, this would not have been possible. Special mention is to be made of Lindsay, my wife, for all her support. • Lindsay, Tamara, and Kyndra-Lee for their support and tolerance during a long and trying time. My sincere thanks and appreciation is extended to: • Professor Makin for her guidance. • Dr Sidney Shipham for his guidance. • The CEO’s, for affording me the opportunity to survey their environment as well as the Functional Managers, Supervisors and other members of companies who assisted by taking the time to complete the survey. • Professor...

Words: 58901 - Pages: 236

Premium Essay

Cross Cultural

...EXECUTION Annual Report 2014 2014 ANNUAL REPORT CONTENTS CORPORATE OVERVIEW 2 3 4 6 8 12 About SapuraKencana Petroleum Berhad Our Vision Our Core Businesses Health, Safety and Environment Global Presence Corporate Information GOVERNANCE 90 Statement on Corporate Governance 102 Report of the Audit Committee 105 Statement on Risk Management and Internal Control 107 Additional Compliance Information 109 Statement on Directors’ Responsibilities 110 Corporate Responsibility 116 Highlights of Events CORPORATE DISCLOSURES 126 Financial Statements 276 Analysis of Shareholdings THIRD ANNUAL GENERAL MEETING 281 Notice of Annual General Meeting 285 Statement Accompanying Notice of Annual General Meeting Proxy Form LEADERSHIP 14 30 Profiles of Board of Directors Executive Committee PERFORMANCE REVIEW 32 40 50 Message to Shareholders President & Group CEO’s Review Business Highlights: • Drilling • Offshore Construction & Subsea Services • Fabrication, Hook-Up & Commissioning • Energy & Joint Ventures Financial Performance Financial Calendar 84 86 PRECISION IN EXECUTION For the financial year ended 31 January 2014, SapuraKencana Petroleum Berhad (“Group”) continued to make significant strides and executed our plans with precision. We delivered on the operational and Health, Safety and Environment fronts, which led to strong financial results. Having integrated strategic acquisitions in a rapid and seamless manner, the Group has further enriched its capabilities with people across...

Words: 70759 - Pages: 284

Premium Essay

Cherished and Cursed: Toward a Social History of the Catcher in the Rye

...wonders what happens to the ducks when the ponds freeze in winter. The novel was published on 16 July 1951, sold for $3.00, and was a Book-of-the-Month Club selection. Within two weeks, it had been reprinted five times, the next month three more times-though by the third edition the jacket photographof the author had quietly disappeared. His book stayed on the bestseller list for thirty weeks, though never above fourth place.' Costing 75?, the Bantam paperback edition appeared in 1964. By 1981, when the same edition went for $2.50, sales still held steady, between twenty and thirty thousand copies per month, about a quarter of a million copies annually. In paperback the novel sold over three million copies between 1953 and 1964, climbed even higher by the 1980s, and continues to attract about as many buyers as it did in 1951. The durabilityof The author appreciates the invitationof Professors Marc Lee Raphaeland Robert A. Gross to present an early version of this essay at the College of William & Mary, and also thanks ProfessorsPaul Boyer and John D. Ibson for their assistance. 1AdamMoss, "Catcher Comes of Age," Esquire, December 1981, p. 57; Jack Salzman, ed., intro. to New Essays on "The Catcher in the Rye" (New York:Cambridge UniversityPress, 1991), pp. 6, 7. 567 568 THE NEW ENGLAND QUARTERLY its appeal is astonishing. The...

Words: 12326 - Pages: 50

Premium Essay

Scavenger Hunt Questions and Answers

...and are subject to the terms and conditions of the Enrollment Agreement entered into between the Student and ECPI University. In keeping with the educational mission of the University, the information, policies, procedures, regulations and requirements contained herein are continually being reviewed, changed and updated. Consequently, this document cannot be considered binding. Students are responsible for keeping informed of official policies and meeting all relevant requirements. When required changes to the Catalog occur, they will be communicated through catalog inserts and other means until a revised edition of the Catalog is published. The policies in this Catalog have been approved under the authority of the ECPI University Board of Trustees and, therefore, constitute official University policy. Students should become familiar with the policies in this Catalog. These policies outline both student rights and student responsibilities. The University reserves the right and authority at any time to alter any or all of the statements contained herein, to modify the requirements for admission and graduation, to change or discontinue programs of study, to amend any regulation or policy affecting the student body, to increase tuition and fees, to deny admission, to revoke an offer of admission and to dismiss from the University any student at any time, if it is deemed by the University to be in the best interest of the University, the University community, or the student to do...

Words: 130938 - Pages: 524

Premium Essay

Analysis of Financial Management

...1 ANNUAL REPORT 2014 Table of contents ABOUT THE COMPANY Letter of Transmittal Corporate Information Milestones Board of Directors and Management Brand Values Products 3 4 5 6 -8 9 10 OPERATING RESULTS Summary of Key Operating & Financial Data 11-12 AGM & COMPANY PERFORMANCE Notice of 35th Annual General Meeting Chairman’s Message to Shareholders Report of the Board of Directors 13 14 ANNUAL REPORT 2014 15 - 19 1 Table of contents COMPLIANCE REPORT Corporate Governance Compliance Report 20 - 38 FINANCIAL RESULTS Auditors’ Report to the Shareholders Statement of Financial Position Statement of Comprehensive Income Statement of Changes in Shareholders’ Equity Statement of Cash Flows Notes to the Financial Statements Unit-wise Working Result Schedule of Non- Current Assets Certificate on Review of financial statements PROXY FORM 39 - 40 41 - 42 43 - 44 45 46 - 47 48 - 80 81 - 82 83 - 84 85 ANNUAL REPORT 2014 2 Letter of Transmittal December 6, 2014 Esteemed Shareholders Bangladesh Securities and Exchange Commission Dhaka Stock Exchange Limited Chittagong Stock Exchange Limited Registrar of Joint Stock Companies and Firms Dear Sir or Madam, Subject: Annual Report for the year ended June 30, 2014 It is our pleasure to inform you that the 35th Annual General Meeting of Olympic Industries Limited will be held on Wednesday, December 24, 2014 at 10:00 AM at our 2nd biscuit factory premises at Lolati, P.S. Sonargaon, District...

Words: 25973 - Pages: 104