§The
Governing Board:
§
§"The board plays a central role in relating the likely
needs of the future to predictable resources;
it has the responsibility for husbanding the endowment; it is responsible for obtaining needed capital and operating
funds; and in the broadest sense of the term, it should pay attention to personnel policy."
§
§"One of the governing board's important tasks is to define
the overall policies and procedures of the
institution."
§
§"The governing board of an institution of higher
education, while maintaining a
general overview, entrusts the conduct of administration to the administrative
officers - the president and the deans - and
the conduct of teaching and research
to the faculty. The board should undertake appropriate self-limitation."
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§