Harvard Revamps its Corporation

December 7, 2010

Harvard University, which has come under fire in recent years for the shortcomings of its financial oversight, announced yesterday that it plans to expand the size of its governing board for the first time since 1650. The 374-year-old university will also impose term limits on members of the Harvard Corporation — the governing board responsible for the university’s academic, financial, and physical resources and its fundamental health and progress — in an effort to modernize the management of the nation’s oldest college, bring new expertise to the board, and put its trustees in closer touch with what’s happening throughout the university.

Article Source: Boston Globe