Around campus, students or community members may hear of the Board of Trustees. But what they may not know is what this branch of our university does.
The main function of the Board of Trustees, according to University spokesperson Rachel Hoormann, is policy making and sound management. The 26 members meet four times a year to determine the general, educational, and financial policies for the administration.
The work of the board can be seen through tuition changes, university program goals, approval and collection of university funds, and construction authorization on campus.
One recent and major change the board did was elect the new university president, Xavier Cole.
Three new individuals were also added to the board this last semester.
“In compliance with board policy, the composition of the Board of Trustees is made up of no less than 22% members of the Society of Jesus. Of the 26 board members, currently there are 6 Jesuits.” said Hoormann.
To become a member, trustees have to identify individuals who they feel will be an asset for the board. University leadership can also recommend people who are potential good candidates. Then, they vote to elect new members.
“A good board is composed of individuals with diverse perspectives and backgrounds. They should have a strong affinity for Loyola – many of our trustees are alumni. They should clearly be able to exercise sound judgment in setting university policies,” said Hoormann.
As of right now, Hoormann said the board is managing the Facilities Master Plan and University Charter and Bylaws.
