Boards of Public Universities Need More Expertise and Flexibility

Leaders of public universities lament declines in state appropriations, but Moody's Investors Services concludes in a report released last week that the push to find new sources of revenue has made the universities stronger economically.

As the institutions undertake huge fund-raising efforts and form partnerships with private firms to develop new technologies, however, they must learn to operate less like government entities and more like large, complex nonprofit corporations, the

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