In today's world, managing a campus crisis poses special challenges for an institution's governing board, which may operate some distance removed from the immediate events giving rise to the crisis. In its most challenging form, a campus crisis--a shooting, a natural disaster, a fraternity hazing death, the arrest of a prominent campus…

What should boards be concerned about in 2012? What new issues--or old aspects of new issues--are on the horizon that boards should be addressing? What crucial topics should be on their agendas? Nine people who have years of broad and varied experience in higher education and its governance were asked for their views. As members of the AGB…

Dormitories, student centers, lecture halls, laboratories, athletic facilities, quads--just try to imagine a residential campus without them. Impossible. They are among its most important assets. As fiduciaries, boards must ensure that those assets are protected and enhanced over time. But how to do so effectively when growing internal and…

The downturn in the economy of the author's state, North Carolina, so far is less severe than that of much of the rest of the nation, due to their diversified economy, financial discipline, constitutional mandate for a balanced budget, "rainy day" fund, and many years of consistent investment in higher education. In the University of…

As many experienced board members know, given the national debate in recent years over institutional accountability, learning--the heart of the educational enterprise--is often treated as a by-product of other more measurable processes. The fact is, no matter how excellent the curricula, no matter how stellar the faculty, no matter how talented…

The context in which boards are making endowment spending decisions has changed remarkably in the past year. In January 2008, Senators Max Baucus and Charles Grassley, chair and ranking minority member, respectively, of the Senate Finance Committee, cited "explosive college endowment growth" as evidence that college and university boards should…

"Spectacular error" sounds euphemistic compared to "devastating," "catastrophic," or "meltdown"--terms more commonly summoned to describe the credit crisis and ensuing global economic carnage. Whatever they are labeled, gross miscalculations on Wall Street are having a deleterious effect on college campuses across the country, with many…

Is higher education on the verge of a leadership gap? Unless higher education administrators specifically develop leaders capable of meeting those challenges, the coming years present the real possibility of a leadership vacuum in higher education. Those of them who lead, support, and govern colleges have a responsibility to actively cultivate a…

The counterintuitive approach of the world's greatest value investor, Warren Buffett, may be the best hope for colleges and universities during this recession. Buffett's time-tested philosophy of seeking value and investing for the long term remains a sound approach, even if his short-term returns have declined along with those of the rest of the…

Universities in the United States are hardly novices in international initiatives, yet overseas projects today, although enticing, often seem novel to them, long experience notwithstanding. A number of motivators drive the new zeal to go overseas. Among these are a resolve to stay competitive in this era of heightened inter-institutional…

Unlike most businesses, universities are both capital-and labor-intensive; yet contrary to standard business practice, they wring the most use and value out of their plants and payrolls for fewer than seven months a year. University presidents may appear to be very much like chief executive officers, but their powers to change course--or even a…

As Americans near the end of the first decade of the new millennium, higher education in the United States is caught in a classic "good news/bad news" dilemma. The good news? Broad recognition of the importance of higher education to the country's future, along with larger federal funding increases than at any time in their history. The bad news?…

Sustainability has become a central consideration across the board in university business decisions. Passing a tipping point, it has become a pivotal focus of management. College leaders are increasingly drawing connections between sustainability, institutional missions, and higher education's fundamental purposes. Administrators readily rattle…

As the United States moves toward becoming a "minority-majority" country, what more can--and should--college presidents and governing boards do to provide low-income students and students of color with a pipeline to high-quality education? Ongoing discourse about shifting demographics locally and nationally must be built into…