Governance reform, two years in
Recognizing that the University had grown increasingly complex since its founding, the Harvard Corporation embarked on a series of changes designed to build its capacity and enable its members to think more strategically about the future, roughly doubling its membership to 13 and creating committees to focus on core fiduciary concerns such as finance, facilities planning, and governance. As the second anniversary of those reforms approached, President Drew Faust and Senior Fellow Robert Reischauer spoke with the Gazette about progress. GAZETTE: When the governance reforms were announced late in 2010, part of the aim was to increase the capacity of the Corporation. What has happened over the past two years? FAUST: There are two things I would focus on right away. One is the work of the new committees, particularly on finance and facilities. Both include Corporation members, but also other people with special expertise in those areas. I have sat in...