Risk is inherent in academe, yet colleges and universities still lag behind business and industry in the development of enterprise-risk-management strategies. At Duke University, top leadership took ownership of campus risk. With strong engagement from trustees, they developed a comprehensive strategy for risk management and evolved into an institutional culture that is attuned to risk-related challenges. The experience at Duke offers lessons and insights for universities that seek to bolster their own approach to risk management and mitigation.
Association of Governing Boards of Universities and Colleges
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