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(Boston, Mass.) – The Boston University Board of Trustees, at their regularly scheduled winter meeting today, voted to accept the interim report of the ad hoc Committee on Governance. Dexter Dodge, chairman of the Committee and vice chairman of the Board, presented the report to the full Board. The members of the Committee briefed the Board about their work, timetable and process followed to date.
The ad hoc Committee has met nine times in person and via telephone since they were named in early November. They reviewed the credentials of 15 experienced consultants with expertise in higher education, law, executive search, and management consulting. The Committee voted to engage the services of A. T. Kearney, a Chicago-based $1 billion global management consulting firm. The lead consultant is Dr. Avner (Avi) Porat, a senior executive with expertise in organizational and performance improvements, business strategy and repositioning, change management and management continuity. Prior to joining A. T. Kearney, Porat was a member of the corporate executive committee of Federated Department Stores and management advisor of Gaylord Container and Montgomery Ward. He served on the faculties of the Graduate Schools of Business at the Universities of Rochester and Pittsburgh. He has been awarded both Fulbright and Ford Foundation Fellowships.
Porat made a presentation to the Board, addressing how his team would assist the Committee and the Board in achieving their goals of reviewing “Board composition and effectiveness, governance practices, and the search process for the next President.” A three-phase process will be implemented, including data collection, development of an action plan and implementation. Following the presentation, the Board voted to accept the report.