Higher education today is confronted by a number of challenges, but public corporations’ practices offer very positive ideas for higher education improvements.
Boards, for example, have to disclose the talents of nominees to shareholders, understand risk associated with proposed actions and devise strategy for evaluating executives. Higher education, when aware of corporate governance changes, should raise questions to improve the future generation of students. Some questions that should be considered:
• Does the selection process for trustees reflect the talent needed in the emerging era of higher education?
• Does the trustee committee structure reflect the emerging era of technology and transparency?