December 3, 2008
Colleges Are Told to Improve Financial Practices to Cope With Downturn
A panel of financial and higher-education officials warned colleges and universities to rethink their financial practices as they navigate the economic recession, by improving financial disclosures, working closer with trustees, and adopting more-diverse investment strategies.
The warning comes as the nation's financial woes have led to sharp endowment losses, state financing problems, and slowed fund-raising efforts, panelists said during an online seminar run by the National
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