b'
Strategic board leadership is an emerging paradigm of university governance that can help higher education institutions navigate the multiple challenges. This podcast will feature Henry Stoever, president of AGB.
Typically, higher education boards are made up of individuals who are appointed as trustees because they have made significant philanthropic contributions, either to the institution or, in the case of public universities, to a political party candidate who then appoints the individual once elected. This approach is shifting as boards and institutional leadership teams begin to develop strategic partnerships.
In the strategic board leadership approach, both individual trustees as well as the entire board need to learn how to work in strategic partnerships with higher education presidents and the institution\\u2019s leadership team.\\xa0 This approach shifts the focus so that the board and its members become a built-in consulting team for the higher education president and cabinet. Additionally, the board no longer serves as a rubber stamp for the institution\\u2019s proposed strategies and initiatives; instead, trustees need to proactively engage as thought partners.
In the current environment, both student success and long-term institutional vitality are part of the crisis recovery for higher education institutions due to the pandemic and the resulting online and hybrid learning environments. These issues have increased the importance of strategic board leadership in order to create well-informed, more holistic strategies for both student success and long-term institutional vitality.
Strategic thought partnerships between presidents and boards are becoming increasingly important as the pressure mounts on higher education presidents due to the pandemic. These individuals are on call 24/7 and can face unrest at any time. At the same time, the roles and expectations of board members have never been more challenging. By working together, presidents and boards can leverage their work for the institutional and student good.
This approach changes the way higher education governing boards are recruited. Previously, the primary driver for board member selection has been philanthropic (or political donation) capacity and relationships.
In this new paradigm, philanthropy remains important, but selection of board members also must be based on other attributes, including their knowledge of key areas such as academic affairs, finance, marketing, strategy and risk, operations, legal, regulatory and international experience. Boards should be proactively identifying these necessary skills through using a skill set matrix. This matrix builds and informs the composition of the board through analyzing individual board members\\u2019 skills and those that are needed on the board, and balancing them against individual trustees\\u2019 terms. This approach ensures that appropriate trustees are seated who can oversee the creation of the strategy for the institution\\u2019s future, instead of focusing on the institutional past.
Over the past year, boards have been forced to change how they work. They have been required to meet much more frequently as institutions face a myriad of challenges due to the pandemic and social unrest.
Boards also have had to lean in from an oversight perspective. This requires working in partnership with the higher education leadership, but not doing the work of the management team.
Boards must listen to all key stakeholders, both on and off campus, while also listening to and working with the institution\\u2019s leadership team to ask insightful and probing questions. Trustees are being asked to consider alternatives and also to analyze both the intended and unintended implications of potential strategic directions.
The mnemonic NIFO (nose in \\u2013 fingers out), or in other words, not micromanaging is critical in today\\u2019s higher education governance environment. The board\\u2019s role is to listen and ask the difficult questions of administration. Making suggestions in a limited way is acceptable (and encouraged), but there is a fine line between oversight and suggestions vs. micromanagement. Unfortunately, the difference between oversight and suggestions versus micromanagement is not cut and dry \\u2013 it varies among boards and administrations.
One of the ways that boards can be in touch with stakeholders is through establishing board committees that have both board members and key stakeholders on them. This enables board members to gain deeper insight into what is going on in the college or university, as well as giving institutional stakeholders a direct opportunity to interact directly with the board.
Institutional members must be clear that this is NOT an invitation or process to short-circuit or make an \\u201cend run\\u201d around the university president. Issues that are brought to the committee must be \\u201cblessed\\u201d by the president. One way to get this right is to have the president as an ex-officio member of all committees of the board, and this does not preclude the committee from going into executive session if there is an issue that must be discussed without the president in attendance.
Shared governance also needs to be embraced more by higher education boards. This approach, which involves sitting down and interacting with faculty, administration, staff and alumni, has strong implications in higher education. A lack of shared governance and/or ignoring key stakeholders\\u2019 inputs can result in faculty or other groups sending a vote of no confidence about the administration or board, which sends a negative signal about the institution to the broader institutional community.
Justice, diversity, equity and inclusion also have been highlighted in recent months. While much work has been done at the administrative level, most boards have not leveraged these values into strategic policies and decisions. From an optics perspective, student enrollment has become much more diverse; however, faculty and board composition have not evolved to align with their customers, and board must take a proactive approach to DEI, especially in relation to representation on the board.
Strategic relationships require listening and hearing differences of opinion. Unrest is becoming more common, so boards and administration need to be prepared to establish justice and equity. The pandemic has extended the levels of inequity since the historically marginalized communities have been disproportionately weighted by the impacts of the pandemic. Boards also need to engage in building strategic crisis communications playbooks to be prepared when this societal unrest comes to campus.
Trustees still have a responsibility to ensure that students receive a quality education and the institution remains sustainable. Trustees\\u2019 fiduciary duties of care, loyalty and obedience are the same for higher education boards as they are for corporate boards. Boards also need to be involved in the strategic planning for the institution, but should not micromanage. Instead, they should focus on ensuring that planning is done holistically and there are sufficient risk mitigation processes in place.
More and more, people are looking for work-force education, but at the same time, institutions need to be creating lifelong learners and collaborative participants in society. However, boards and institutions often don\\u2019t know who the institution\\u2019s customers are.
While the main focus needs to remain on students, there also is a difference between customer and consumer. In higher education, the person paying the bill\\u2014often the parent\\u2014is the customer. Students are the consumers since they absorb the content.
Stoever suggested several takeaways for higher education leaders:
#governance #university #highereducation #education
'