Board work with CPE to develop a Board Orientation Program. Mr. Powell discussed training resources offered by CPE, as well as requirements relative to Boards developing their own training programs. Mr. Powell encouraged current Board members to ensure that new Board members complete their training within a year of their initial appointment to satisfy MIP, CPE, and statutory training requirements. He further recommended that the Board review its training materials to make sure that they are up to date.
Chair Dukes sought clarification that the Board is currently in compliance with the training requirement. Mr. Powell responded affirmatively.
Regent Adams queried whether it was permissible for Board members to recommend individuals who may have expressed an interest in serving on the KSU Board of Regents. Mr. Powell responded affirmatively and explained the recommendation process.
President Akakpo inquired whether it was permissible for the Board to tailor its training to the needs of the institution. Mr. Powell responded affirmatively.
Regent Walston inquired into the statutory regional requirements for Board composition and asked whether that would also be considered when the new KSU Board members were selected.
Mr. Powell presented this agenda item and began by stating that this policy is not required by state law but is required by CPE as part of the MIP. He explained that the purpose of requiring the Board to establish this policy is to encourage the Board to address issues related to initial board member training and continuing education and professional development.
Chair Dukes asked whether the Board should maintain documentation regarding each Board member's annual training.
Regent Walston queried whether the policy should also indicate how expenses incurred for professional development-related activities would be financed. President Akakpo responded that he hoped to include a budget for the Board with funds set aside for professional development.
Mr. Greg Rush, Senior Fellow, CPE, presented this agenda item. Mr. Rush explained that the development of an enterprise risk management process is an MIP objective (5.9.1) and was originally due in March of this year. This is an institutional process and the use of an outside consultant is not required by CPE. Mr. Rush discussed various areas to be incorporated into the risk management plan as well as reporting requirements, management considerations, and deliverables.
Chair Dukes expressed support for engaging an outside firm to assist in developing the University’s risk management plan and requested President Akakpo to share his thoughts on this issue. President Akakpo replied that he believed the process could be handled internally though he would be open to engaging an outside consultant if the Committee felt strongly that one was needed.
Regent Moyer queried whether the Foundation would be included within the scope of the University’s risk management plan and whether KSU has an explicit responsibility to manage risk that has been observed within the Foundation, given that the Foundation views itself as a very independent body. Mr. Rush responded that the short answer was yes because it poses a reputational risk if nothing else. Mr. Powell concurred and offered additional perspective on the issue. Mr. Rush further commented