Compensation

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …