Corporation committees up and running
The Harvard Corporation has taken a major additional step to implement reforms arising from an intensive governance review completed last year, launching three new committees earlier this month on facilities and capital planning, finance, and governance. A joint committee with the Board of Overseers, on alumni affairs and development, has also begun its work. The committees held their first meetings Oct. 2 and 3, with members having been appointed and charters ratified. The committees, other than governance, each include several nonboard members selected for their expertise. The committee structure is seen as an important means to enable deeper engagement on matters of core fiduciary concern, while also allowing the Corporation to focus more of its plenary time on larger strategic and policy matters. “We’re off to a great start,” said Robert D. Reischauer, the Corporation’s senior fellow. “Even after just one round of committee meetings, it’s clear these new structures, and the...