KENTUCKY STATE UNIVERSITY POLICIES AND PROCEDURES
POLICY TITLE: Board Training Policy
VOLUME, SECTION & NUMBER: 5.1.7
ENTITIES AFFECTED: Kentucky State University Board of Regents
ADMINISTRATIVE AUTHORITY: The Kentucky State University Board of Regents
APPROVED BY:
The Kentucky State University Board of Regents
EFFECTIVE DATE:
February 16, 2024
POLICY STATEMENT:
The Kentucky State University Board of Regents (“Board”) is committed to fulfilling its fiduciary duties and adhering to all legal and ethical requirements. To ensure that these duties and requirements are satisfied by all Regents, the Board has promulgated this Training Policy. This Policy establishes the training requirements for new Regents and existing Regents, a process for reimbursing Regents for training-related expenses, and an annual development session for the entire Board.
TRAINING BUDGET:
On or before April 15 of each year, the Board or the Board's Executive Committee shall estimate the total cost of trainings for the upcoming fiscal year. The Board shall then set a budget for Board training on or before May 1 of each year.
NEW MEMBER TRAINING REQUIREMENT:
Pursuant to KRS 164.020(25), the Board must develop, in cooperation with the Council on Postsecondary Education ("Council"), a comprehensive orientation and education program for new members of the Board. Such program must comprise at least six (6) hours of instruction time and include, among other things, information concerning the roles of Regents, the fiduciary responsibility of Regents, and the mission, finances, and policies and procedures of Kentucky State University.