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A board of directors is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws ...
The term "Board of Trustees" is the most commonly used name for governing bodies of universities in the United States. [3]All schools within the Ohio Higher Education System are governed by individual boards of trustees, including Miami University and Ohio State University.
AGB was founded in 1921. [4] It grew out of a conference held at the University of Michigan in 1920. [5] Until the early 1960s the Association of Governing Boards of Universities and Colleges was an affiliation of board members who took turns sharing the leadership and guidance needed to sustain an organization. [6]
Boards should ensure open communication with campus constituencies. The governing board should manifest a commitment to accountability and transparency and should exemplify the behavior it expects of other participants in the governance process. Governing boards have the ultimate responsibility to appoint and assess the performance of the ...
A board must explicitly design its own products and process. A board must forge a linkage with management that is both empowering and safe. Performance of the CEO must be monitored rigorously, but only against policy criteria. Principles 1-3 define an organization's ownership, the board's responsibility to it, and the board's authority.
A governing body is a group of people that has the authority to exercise governance over an organization or political entity. The most formal is a government , a body whose sole responsibility and authority is to make binding decisions in a taken geopolitical system (such as a state ) by establishing laws .
The Harvard Corporation is a 501(c)(3) and the owner of all of Harvard University's assets and real property. [5]As a governing board, the Corporation traditionally functioned as an outside body whose members were not involved in the institution's daily life, meeting instead periodically to consult with the day-to-day head, the President of Harvard University, whom it appoints, and who also ...
An academic senate, sometimes termed faculty senate, academic board or simply senate, is a governing body in some universities and colleges, typically with responsibility for academic matters and primarily drawing its membership from the academic staff of the institution.