Few Colleges Managing Risk, Report Says

June 26, 2009

Most college leaders lack robust risk assessment strategies, even though they ought to be on guard about a range of issues as diverse as political scandals and endowment losses, according to a report released Thursday. Of about 600 surveyed colleges, both public and private, only 23 percent said their governing boards monitored risk through regular formal reports, according to the United Educators and the Association of Governing Boards of Universities and Colleges. At a time when colleges are being advised to consider political and reputational risks as part of their overall strategy, only about 42 percent said they did so routinely. “It was really quite disturbing to us,” Janice Abraham, chief operating officer of United Educators, said of the results.

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