firm, fronts tuition money on the condition the student will surrender a percent of future income after graduation. Please see this article about how VEMO launched ISAs at Purdue: www.businessinsider.com/income-share-agreements-help-students-pay-for-college-loan-alternative- 2017-3. r President’s Annual Evaluation CWUP 1-10-050 [Powers and Duties] requires the Board of Trustees to “evaluate, either verbally or in writing, the president, based on written or verbal criteria established by the board, information gleaned from the board meetings, communications received, strategic plan accomplishments, and/or any other criteria as determined by the board of trustees.” The board reviews the performance of the president for the period July 1 through June 30 of the year preceding the annual board retreat in July. In recent years, the board has directed the president to submit a self-evaluation that focuses on operational priorities. The board then would discuss the evaluation at the July meeting. In May 2017, the board expressed a desire to formalize the presidential review process in order to underscore board priorities and to ensure that the board and the president share an understanding of those priorities. Trustees wanted the review to contribute to the development of leadership effectiveness and to encourage the president to think deeply about his own satisfaction with the position, and what he has learned about the strengths and weaknesses he brings to his responsibilities. The board agreed that, with leadership development the primary goal of assessment, it would be important for the board to draw out the strengths and best possibilities of the president in achieving both short- and long-term goals. In addition, a more formal review supports the following board goals: 1. Prepare for the launch of a presidential search . A formal assessment will help to focus the board’s thinking on what challenges the next president will face and what hard and soft skills he/she must possess to be successful. 2. Clearly communicate university priorities . A more formal process should provide the clear direction the president, his leadership team, and the university community need to achieve difficult and complex goals. The Executive Committee of the board has worked with the Board Secretary and the Department of Human Resources to develop an assessment tool. Next week, the survey will be distributed to trustees, Cabinet, those who report directly to cabinet (deans, executive directors, and associate vice presidents), and the Faculty Senate Executive Committee. The survey will inform the board’s annual review of the president in July.
Submitted:
Approved for submittal:
Linda Schactler Secretary to the Board
James. L. Gaudino President
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