Who are the trustees of a higher education institution?
In virtually all cases, the trustees of a higher education institution (HEI) will be all of the members of its governing body. Where the HEI is constituted as a company, the company directors are usually also its trustees. All of the individual trustees have the same responsibilities to act in the best interest of the HEI. (Their responsibilities as trustees are also known as ‘fiduciary duties’.) This applies equally to senior executives, non-executive (independent) members, elected staff representatives, student representatives or any other form of governor or trustee.
Related Questions
- If a distribution check was sent directly to a higher education institution from a 529 College Savings Plan account, will a 1099-Q be sent?
- Is a higher education institution that is a StateUniversity be eligible as applicant in this Call?
- When did Oklahoma State first receive accreditation as an institution of higher education?