Wheeler, D. (2008*. Reporter's notebook: Financial models, sustainability, and a few jokes. Chronicle of higher educa... - 1 views

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  #1 Emily Boulger on 25 Jan 13

   

  This article covers a NACUBO (national association of college and university business officers) meeting in which the cultural / political climate, international law, the downside to university defensive posturing, and sustainable practice were explored. The event brought together 1,750 professionals from the backbones of America's institutions of higher learning. These traditionally money minded people are finding that their roles are expanding to areas typically associated with entrepreneurial business ventures. Today's business officer needs to understand and perpetuate and even create the university's vision. Sustainability demands efficiency. Efficiency has a host of demands that no single or even group of university components can handle, as all components require a sync to achieve efficiency. The 2008 NACUBO meeting better defined the role it plays in the health of Higher Education.
  The cultural / political climate regarding university business officers has apparently been under increasingly intense scrutiny from the judicial system around conflicts of interest regarding business practices. Not only was "conflict of interest" a topic at the meeting, as living testimony to the urgent message of ethical business practices, the state's attorney general was on site to collect data on various business exchanges or arrangements that occurred at the meeting.
  International law did not interest all participants, but a great many universities have ties to over-seas institutions. Tax code information and financial planning models were discussed. The primary issue is many countries have tax policy that: limits transfer amounts, require long term planning to withdraw or require significant legal buffer to even attempt.
  The downside of defensive posturing content can be summarized by college leader's response to the Commission on the Future of Higher Education's report which requests for an increase in accountability measures in higher education. College leaders who rallied to impede such policy change looked short sighted in a NACUBO report, which indicated that such measures would improve their connectivity to the outside community and increase enrollment. The status of such a significant policy change is unclear, but with disagreement amongst the community, a clear path of progress has yet to be defined.

   

  <div class="cArrow"> </div><div class="cContentInner">This article covers a NACUBO (national association of college and university business officers) meeting in which the cultural / political climate, international law, the downside to university defensive posturing, and sustainable practice were explored. The event brought together 1,750 professionals from the backbones of America's institutions of higher learning. These traditionally money minded people are finding that their roles are expanding to areas typically associated with entrepreneurial business ventures. Today's business officer needs to understand and perpetuate and even create the university's vision. Sustainability demands efficiency. Efficiency has a host of demands that no single or even group of university components can handle, as all components require a sync to achieve efficiency. The 2008 NACUBO meeting better defined the role it plays in the health of Higher Education. <br /> The cultural / political climate regarding university business officers has apparently been under increasingly intense scrutiny from the judicial system around conflicts of interest regarding business practices. Not only was "conflict of interest" a topic at the meeting, as living testimony to the urgent message of ethical business practices, the state's attorney general was on site to collect data on various business exchanges or arrangements that occurred at the meeting. <br /> International law did not interest all participants, but a great many universities have ties to over-seas institutions. Tax code information and financial planning models were discussed. The primary issue is many countries have tax policy that: limits transfer amounts, require long term planning to withdraw or require significant legal buffer to even attempt. <br /> The downside of defensive posturing content can be summarized by college leader's response to the Commission on the Future of Higher Education's report which requests for an increase in accountability measures in higher education. College leaders who rallied to impede such policy change looked short sighted in a NACUBO report, which indicated that such measures would improve their connectivity to the outside community and increase enrollment. The status of such a significant policy change is unclear, but with disagreement amongst the community, a clear path of progress has yet to be defined.</div>

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