
Blog Post
Q&A: An Inside Look at an OCIO Search Process from the Investment Committee Chair's Perspective
January 05, 2021 - SEI interviewed Michael Ellis, the investment committee chair for Moravian College, to find out more about the college's outsourced chief investment officer (OCIO) search process. We talked about what led the committee to make the decision to begin a search …
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FAQs
Presidential Contracts
Well-crafted presidential compensation and benefit contracts provide a clear and solid basis for healthy working relationships and effective performance.
A presidential contract should be a comprehensive agreement that establishes all requirements and expectations between an institution, its governing board, and its …
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Blog Post
Build Compensation Packages to Protect Your Institution and Attract Top-Notch Leaders
October 12, 2020 - When institutions conduct searches for presidents or other senior leaders, building the right compensation package should be a primary concern. Compensation must be fair, defensible, and competitive to attract excellent candidates and stand up to scrutiny. Boards and hiring officers …
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Trusteeship Article
Six Things to Offer Your New College President
When a colleague asked what advice I would offer following my first year as president of Susquehanna University, it struck me as a vainglorious topic: “Let me tell you how good I am at being new.” Then I realized that …
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Book
Presidential Compensation: A Comprehensive Guide for Higher Education Governing Boards and Chief Executives
Foremost among the responsibilities of a college or university governing board is the recruitment, evaluation, and support of the institution’s president. This includes, fundamentally, providing for reasonable compensation of the president—a task that is now more challenging than ever, because …
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Trusteeship Article
Negotiating the President's Contract
In the last issue of this magazine, the “Legal Standpoint” column addressed campus counsel’s role in reviewing institutional contracts. This column is devoted to the complexities surrounding one particular contract: the employment agreement between the institution and its chief executive …
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Trusteeship Article
Setting Presidential Compensation: What Board Members Need to Know
Do you know the total amount and elements of the compensation package provided to your college’s or university’s president? Do you know the rationale for the decision to provide the particular compensation and benefits chosen? Was the final compensation package …
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Trusteeship Article
A Picture of Variable Pay
In order to recruit and retain effective leaders who are able to advance rigorous strategic goals and other institutional priorities, boards are considering various forms of compensation. A recent AGB Quick Governance Survey (QGS) sought to understand the national trends …
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Trusteeship Article
A Word to the Wise About Executive Compensation: Lessons from the IRS Colleges and Universities Compliance Project
Are colleges and universities following best governance practices concerning the compensation of the president and other institutional leaders? For the most part, yes, according to the Internal Revenue Service (IRS), which released a long-awaited final report on its Colleges and …
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Trusteeship Article
A Question for...Thomas K. Hyatt: What Challenges Do Boards Face in Setting the President's Compensation?
Few higher education governance topics generate more interest than the compensation of a college or university president. A poorly governed compensation process can result in front-page news, aggrieved faculty and students, and an inquiry from the state attorney general. Attorney …
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