Audit

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The higher education landscape continues to experience change at an accelerated rate. To remain relevant, competitive, and financially sustainable, leaders at Minnesota State Colleges and Universities (Minnesota State)—the nation’s third largest system of colleges and universities—recognized a need for the …

Risk management and compliance are two of the core operational functions of colleges and universities that intersect the most with the law. Even more so than compliance, which at some institutions is part of or reports to the legal department, risk …

In addition to support for the institutional mission, commitment to academic excellence, good governance, financial stability, student well-being, and attention to risk management, compliance is one of the fundamental fiduciary responsibilities of board members and senior leadership. As with other …

This statement is part of the Board Chair Toolkit, which includes a host of resources that enable board chairs to understand essential responsibilities for board leadership and establish an inclusive board culture. Saturday, August 1, 2015 The below is excerpted from the preface; …

Internal audit departments can be major contributors to the effectiveness of governance, risk management, and internal control processes, but they need to focus on the areas of highest risk, perform their services effectively, and clearly communicate the results of their …

The below is excerpted from the introduction; download the full statement. Although the precise point at which a college or university governing board may justifiably be called “accountable” is elusive, the issue of board accountability warrants attention. Certain elements of board accountability—observing the …

Government regulation reaches deep into every sector of the economy, and colleges and universities are no exception, as the cover story in this Trusteeship makes clear. Higher education has been described by Federal Court of Appeals Judge Richard Posner, a …

Get all of the bestselling Effective Committee Series in one set! The Academic Affairs Committee The Audit Committee The Facilities Committee The Governance Committee (Independent Institutions) The Compensation Committee The Development Committee The Executive Committee The Finance Committee The Investment Committee The Student Affairs Committee There is a bulk discount on …

Asking the right questions is an important part of fulfilling a board’s fiduciary responsibilities, and boards need to get in the habit of asking those questions about risk. Whether it’s establishing a relationship with a university in another country for …