Duty of care. Duty of loyalty. Duty of obedience. These are just three areas which board members should be aware of and understand when they accept a position as a trustee of a higher education institution.
Unfortunately, many board members / trustees do not fully understand their duties and responsibilities, or, in some extreme cases, what are the key issues that education institutions face. Sometimes, they think their role to be more hands-on than it actually is, and this can create friction between the university’s leadership and its board.
Boards are responsible for university governance, which means five things:
1. Developing and/or approving the strategic plan
2. Setting/approving policy
3. Approving the budget
4. Assessing risk
5. Hiring and evaluating the University CEO.
Nowhere in this the job description does it say board members are responsible for operations (also known as micromanaging). But it does say that they must understand the industry and its key challenges to help properly position (or even save) your institution.
TCL can help. We’ve worked with and been on multiple boards, and can help you to gain a better understanding of your roles and responsibilities, how to work better with one another and the leadership team, and get you focused on what is important to drive your institution to sustainability.
It all starts at the top. As a board member, you set the tone for the institution. Are you in harmony, or off key? Take our quick survey below to find out. Or if you’d like to jump in head first, please fill out your email address here for a free 30-minute consultation with The Change Leader.