En renforçant sa présence internationale, Zoomlion met en avant son expertise de pointe avec une croissance impressionnante de 52,85 % de son chiffre d’affaires à l’étranger au T1 CHANGSHA, Chine, 17 mai 2024 /PRNewswire/ — Dans une stratégie visant à étendre davantage le marché mondial…
Month: May 2024
The New GXT67 PRO Represents a Significant Leap in Communication Technology KANSAS CITY, Mo., May 17, 2024 /PRNewswire/ — Midland, a leader in two-way radio communication technology, today announced the GXT67 GMRS 5-Watt Two-Way Radio. This latest addition to the company’s robust lineup…
CHARLESTON, S.C., May 17, 2024 /PRNewswire/ — A meeting of the Supervisory Council for the Lowcountry Graduate Center will be held on Tuesday, May 28h at 1:00 pm EST, virtually via Zoom Webinar. Access the meeting online at:…
SHANGHAI, May 17, 2024 /PRNewswire/ — Natalie Lowe, CEO and founding partner of award-winning, The Orangeblowfish inspired China’s future business leaders to embrace creativity as a guest speaker at TEDx NYU Shanghai. The Shanghai-headquartered creative agency boasts high-profile clients…
Authored by Adrienne Larmett
In the tumultuous landscape of higher education, crisis management has (or should) become an indispensable aspect of institutional governance. From natural disasters to financial turmoil, and now in the era of global pandemics and political activism, colleges and universities face an array of challenges that demand swift and effective response. As custodians of these institutions, board members and trustees bear the weighted responsibility of ensuring preparedness and resilience in the face of crises. To navigate these turbulent waters, they must pose critical questions to institutional leadership, probing the depth and efficacy of their crisis management plans.
Understanding the risks
Before delving into the questions, it’s crucial to recognize the diverse risk array that colleges and universities face:
Natural disasters: Floods, hurricanes, earthquakes and wildfires pose significant threats to campus infrastructure and student and staff safetyPublic health emergencies: The emergence of infectious diseases, such as the COVID-19 pandemic, highlights the need for robust health protocols and contingency plansFinancial instability: Economic downturns, fluctuations in enrollment and budgetary mismanagement can jeopardize the financial viability of institutionsCybersecurity breaches: With the increasing reliance on digital infrastructure, universities are vulnerable to data breaches, ransomware attacks and other cyber risksPolitical activism: Sociopolitical upheavals, protests and civil disturbances can disrupt campus activities, compromise student safety and impact institutional operationsReputational damage: Scandals, controversies or mishandling of sensitive issues can tarnish the institution’s reputation and erode public trust
Key questions for board members and trustees
To effectively oversee crisis management efforts, higher education board members and trustees should pose the following probing questions to institutional leadership.
Preparedness assessment
How frequently are crisis management plans reviewed and updated to address evolving risks?Are there clear protocols for communication, decision-making and resource allocation during emergencies?What mechanisms are in place to assess the institution’s vulnerability to various risks?
Resource allocation
How is funding allocated to support crisis preparedness and response efforts?Are there sufficient reserves or insurance coverage to mitigate financial losses during crises?What partnerships or collaborations exist with external agencies or organizations to enhance response capabilities?
Health and safety protocols
How does the institution monitor and enforce health and safety protocols to prevent the spread of infectious diseases?Are there contingency plans in place to address outbreaks or pandemics, including provisions for remote learning and campus closures?What measures are taken to ensure the physical safety of students and staff in times of campus unrest?
Technological infrastructure
How robust is the institution’s cybersecurity infrastructure, and what measures are taken to protect sensitive data?Are there backup systems and redundancy measures to ensure continuity of operations in the event of cyber-attacks or system failures?How are students and faculty trained to recognize and respond to cybersecurity threats?
Reputation management
What strategies are employed to monitor public perception and respond effectively to crises that may impact the institution’s reputation?How does the institution foster transparency and accountability in its communication with stakeholders during crises?Are there mechanisms in place to learn from past crises and implement improvements to prevent recurrence?
Conclusion
In an era characterized by uncertainty and volatility, colleges and universities must reinforce their resiliency against an array of potential crises. Board members and trustees play a pivotal role in this endeavor, holding leadership accountable and ensuring that institutions are equipped to weather the storm. By asking incisive questions and fostering a culture of preparedness and strength, they can safeguard the long-term success and sustainability of higher education institutions in the face of adversity, no matter its form.
For more information, or to learn how Baker Tilly’s risk advisory team can help your higher education institution with its crisis management strategy, contact the team.
Shivaram Rajgopal, chair of the accounting division at Columbia Business School, and Gihan Hyde, founder and CEO of Communique, join co-host Mandi McReynolds on the latest episode of ESG Talk. Listen in as they discuss their advice for current and emerging leaders as well as how sustainability adds soul to accounting and could attract more people to the profession.
Looking for more? Subscribe to the ESG Talk podcast on Apple, Spotify, and YouTube.
ESG Talk is brought to you by Workiva, the world’s only unified platform for financial reporting, ESG, audit, and risk. Learn more at workiva.com.
BIRMINGHAM, Ala., May 17, 2024 /PRNewswire/ — This Sunday, May 19, at 1:00 P.M. at Boutwell Auditorium, Birmingham School of Law will celebrate its 109th graduating class. The 2023-2024 class consists of 113 students who have earned juris doctor degrees from BSL. Begun in 1915 by Judge…
BIRMINGHAM, Ala., May 17, 2024 /PRNewswire/ — This Sunday, May 19, at 1:00 P.M. at Boutwell Auditorium, Birmingham School of Law will celebrate its 109th graduating class. The 2023-2024 class consists of 113 students who have earned juris doctor degrees from BSL. Begun in 1915 by Judge…
Organizers Announce Band Lineup, Grammy-Award Winning Artist Lecrae, Tickets, and New Hall of Fame Program for This Year’s Milestone Event HOUSTON, May 17, 2024 /PRNewswire/ — During today’s press conference at NRG Stadium, Webber Marketing, in partnership with the Harris County -…
Organizers Announce Band Lineup, Grammy-Award Winning Artist Lecrae, Tickets, and New Hall of Fame Program for This Year’s Milestone Event HOUSTON, May 17, 2024 /PRNewswire/ — During today’s press conference at NRG Stadium, Webber Marketing, in partnership with the Harris County -…
