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            "text": "The Challenges",
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            "text": "Unwarranted Risks",
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            "text": "The rapidly shifting higher education landscape is a minefield of significant and growing risks that challenge the current and future prosperity of colleges and universities in the United States."
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            "text": "There are numerous sources of risks, including increasing costs, the intense competition for attracting students, the ongoing public discourse vis-à-vis higher education's value proposition, digital and technological transformation, rapidly changing workforce needs, and many more. Certainly, KSU is not immune from these marketplace risks."
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            "text": "In addition to risks emerging from a roiling higher education marketplace, KSU must confront the reality and fallout from unwarranted risks. These risks result from failed oversight, leadership accountability, controls, and compliance."
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            "text": "Unwarranted risks have eviscerated credibility and confidence in the university, degraded performance with respect to stakeholder expectations, eroded the balance sheet, and spurred litigation and other contingent liabilities."
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            "text": "Addressing the legacy and corrosive effect of unwarranted risks at KSU must be the top priority at the institution moving forward. Additionally, KSU must address the tidal wave of market-driven risks that challenge its institutional agility in decision-making and resilience within the context of its longer-term strategic aspirations and performance."
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            "text": "Meeting these objectives requires a plan of action with an integrated cross-enterprise perspective on risk exposure. A Plan that expands the broadening role of risk oversight by the Board and goes beyond prevention and mitigation. An Action Plan focused on an intended future for the university."
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