Inside Higher Ed article vav Penn State

kgilbert78

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Oct 25, 2021
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My wife and I are in the process of endowing a fund. At the Indianapolis Zoo, for 50K. Thirty years ago that would have gone to Penn State as an endowed scholarship.

And my lifetime AA membership? I've thought about giving it back. And I was a local Alumni Club president for quite a few years.
 

BobPSU92

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Oct 12, 2021
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From psu.edu:

Board of Trustees approves updated bylaws

Revisions to the Penn State Board of Trustees’ governing rules clarify existing bylaws, update practices and simplify language


Excerpts:

”Matt Schuyler, chair of the board and a member of the governance working group that was tasked with reviewing and proposing bylaw changes, said the updates approved July 30 are needed to modernize the board’s bylaws so they more effectively support the University, today and into the future.”

”…the group engaged an external governance expert to ensure current best practices were incorporated into the revisions.”

”“This group spent 20-plus hours in working sessions from December to July. Countless hours of input were solicited by individual members of the working group from their respective constituency groups across the board,” Schuyler said. “We had a very robust dialogue with differing viewpoints and opinions throughout this entire process, and that’s exactly what you want from a board as it contemplates decisions on how it will govern today and far into the future.”

”Key changes approved by the board include:

  • Creating a code of conduct for members of the board: The approved code of conduct replaces and builds upon what were previously "Expectations of Membership.” The code reflects the fiduciary duty that each trustee has to the University. Penn State already has established code of conduct policies for University employees and students.”

  • Establishing a nominating subcommittee with responsibility for board composition: The new subcommittee of the Governance Committee will lead the committee’s responsibility for trustee nomination, election and appointment processes. The board revised the minimum number of nominations individual alumni trustee candidates need, lowering the requirement from 250 to 50 nominations to encourage more alumni to run for the board and foster a greater diversity of candidates. The new subcommittee will also determine a candidate’s eligibility to be listed on the ballot, in accordance with a qualification matrix that will be developed by the subcommittee.
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GrimReaper

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Oct 12, 2021
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From psu.edu:

Board of Trustees approves updated bylaws

Revisions to the Penn State Board of Trustees’ governing rules clarify existing bylaws, update practices and simplify language


Excerpts:

”Matt Schuyler, chair of the board and a member of the governance working group that was tasked with reviewing and proposing bylaw changes, said the updates approved July 30 are needed to modernize the board’s bylaws so they more effectively support the University, today and into the future.”

”…the group engaged an external governance expert to ensure current best practices were incorporated into the revisions.”

”“This group spent 20-plus hours in working sessions from December to July. Countless hours of input were solicited by individual members of the working group from their respective constituency groups across the board,” Schuyler said. “We had a very robust dialogue with differing viewpoints and opinions throughout this entire process, and that’s exactly what you want from a board as it contemplates decisions on how it will govern today and far into the future.”

”Key changes approved by the board include:


  • Creating a code of conduct for members of the board: The approved code of conduct replaces and builds upon what were previously "Expectations of Membership.” The code reflects the fiduciary duty that each trustee has to the University. Penn State already has established code of conduct policies for University employees and students.”

  • Establishing a nominating subcommittee with responsibility for board composition: The new subcommittee of the Governance Committee will lead the committee’s responsibility for trustee nomination, election and appointment processes. The board revised the minimum number of nominations individual alumni trustee candidates need, lowering the requirement from 250 to 50 nominations to encourage more alumni to run for the board and foster a greater diversity of candidates. The new subcommittee will also determine a candidate’s eligibility to be listed on the ballot, in accordance with a qualification matrix that will be developed by the subcommittee.
😞
First meeting of the nominating subcommittee