Good Governance: Five Strategic Questions for Boards to Ask (NAIS Strategic Questions Series) Patrick F. Bassett, NAIS President www.nais.org Resources for Trustees: • Our website: Trustees’ Guide (portal) (http://www.nais.org/Articles/Pages/Trustees- Guide.aspx?src=audience) • Trustee Publications: Trustee Handbook; Trenbook2012-13; etc. at the NAIS Online Bookstore (http://www.nais.org/Bookstore/Pages/default.aspx?src=box) • eNewsletter: Savvy Trustee (http://www.nais.org/Magazines-Newsletters/Pages/default.aspx?src=submenu) • Trustee Dashboard (“real time indicators” of condition of the school) (http://www.nais.org/Search/Pages/Results.aspx?k=trustee%20dashboard) • Strategic Questions Series (http://www.nais.org/Articles/Pages/Strategic-Questions-Postcard-Series.aspx) Website - bottom NAIS Website Trendbook Which do people in academe prefer? Cf. John Kotter Does the board have a management role and a leadership role? Making Mistakes: www.despair.com Recent & very public breakdowns in governance? “If you must err, err on the side of….” “Boards hire and … fire.” Governance as Leadership Patrick F. Bassett, NAIS President NAIS Strategic Questions Series Governance as Leadership… The SAT Analogy: Our board is to our school as is to . Strategic Question #1 for Boards and Heads Strategic Questions Series Strategic Questions Series Do you approach differences with open–mindedness or instinctive distrust and judgment? “Think fast or slow?” Strategic Question #2 for Boards and Heads Affordability Affordability What does your affordability study tell you is the threshold for full-pay for one child? Two children? Your demographics study tell you about trending in the number of such families in your locale? Top 5% Incomes ($200K+): The X Factor IMG Academy (FL) Seeking profitable non-tuition sources of revenue the antidote to skyrocketing tuitions. How do you “capitalize” on your three sources of capital?” Shattuck St. Mary’s (MN) How Do You Build & Extend Your Brand? Strategic Question #3 for Boards and Heads Financial Aid Trends Strategic Questions Series What does your financial aid profile look like? Which social-economic quintile in your locality receives the plurality of grants? What strategies would you adopt to move one way or the other on the “Sophie’s Choice” continuum? MasterCard “Priceless Campaign” “There are some things money can’t buy. For everything else, there’s MasterCard.” The Priceless campaign emphasizes MasterCard payment cards as the best way to pay for “everything that matters.” Your School’s “Priceless Campaign” Sticky Message? • School Tuition $26,000 • Books: $500 • Laptop: $2000 Your child jumping out of bed excited to get to school: priceless Faculty Strategic Question #4 for Boards and Heads Faculty What can you learn from the talent recruitment strategy of Finland & Teach for America? How do you retain talent in the classroom? How do you reward all-stars within a culture suspicious of “merit pay”? Strategic Question #5 for Boards and Heads Strategic Questions Series Strategic Questions Series What do the ubiquity and convergence of smart devices mean for the future of teaching, learning, and institutional communication & fund-raising? “The future of mobile is the future of everything.” Drive-by QR Code on building in Boulder, CO What’s on Your Board’s Strategic Agenda? Patrick F. Bassett, NAIS President