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Advice for Trustees on Conflicts of Interest

Advice for Trustees on Conflicts of Interest
December 3, 2009

This won't be news to anyone in Illinois, but college trustees and regents need to pay attention to conflicts of interest other than financial ones, the Association of Governing Boards of Universities and Colleges says in new guidance on the subject. The statement from AGB's Board of Directors notes that "[w]hile financial conflicts tend to dominate board conflict of interest discussions, the subjects of political gain, unmerited preference in hiring, student admissions decisions" -- like those that have enveloped the University of Illinois system's Board of Trustees -- "and other conflicts can compromise the integrity that boards should hold in trust." While avoiding being too prescriptive, given institutions' differing situations and missions, the statement offers 12 principles that should guide boards' policies governing potential conflicts and how to avoid or manage them.

 

 

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