Higher Education Leadership Summit: Thinking Strategically About Leadership, Governance, and Economic Trends
To meet the challenges currently facing it—chief among them, to remain viable in an era when traditional sources of funding such as state funding and tuition are decreasing or reaching their market limits—higher education depends on its leaders’ capacities to deal with current challenges, envision change, and make that change happen. In March 2012, the TIAA Institute hosted a summit on leadership and governance to explore what it will take to steer higher education through this new landscape. The summit’s participants, informed by the America Council on Education’s American Presidency and the Association of Governing Boards’ 2011 Survey of Higher Education Governance, discussed the context in which higher education now exists, the kind of institutional presidents and trustees who can steer higher education through it, how the leadership potential of boards can be maximized, and how this generation of leaders is reallocating vanishing resources and replacing them with new sources of revenue. They concluded that higher education must cultivate a diverse new generation of presidents who are attuned to the new realities and board leaders who are engaged and informed in order to ensure higher education’s continued vitality.