The Risky Business of Higher Education
Pressure is mounting to manage risk on campus
SHOOTER IN THE bell tower is certainly mente, Vice President Business & Finance, at Bent-
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sensational, but your next campus ley University noted: “Risk management used to
emergency is more likely to be a com- mean calling your insurance agent. After 9-11, bird
puter crash in the f_l ooded basement of f_l u, f_l oods and Sarbanes-Oxley, risk management
old Founder’s Hall after a pipe breaks. isn’t all that clear now.” Amen.
T_h ere are hundreds, perhaps thou- So how well prepared are U.S. campuses? Opin-
sands, of monstrous and mundane risks posed on a ions dif_f er. T_h e Association of Governing Boards
college campus. Getting them under control is no easy (AGB) is a membership organization of people who
task. Listing them can present a mind-boggling Pan- are trustees of U.S. colleges and universities. AGB
dora’s Box. Nor are the consequences always obvious. members and staf_f participated in a study of their re-
At June’s NACUBO annual conference, Paul Cle- spective performance in managing risk.
Continued
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