My question involves business law in the state of: New York
I am a faculty member at a private, non-profit college in New York. Though our institution is facing the same challenges as other similar colleges that are tuition-dependent, the problems we face have been compounded by an unresponsive Board of Trustees that has aligned itself with the President rather than overseeing her management of the institution. Following a period of significant turnover at the administrative level, combined with an ongoing decline in enrollment, the pace and volume of which seems uncharacteristic relative to our peer institutions, a letter was sent to the Board outlining these issues. Unfortunately, the letter wasn't sent according to proper protocol, so the substance of the letter was ignored, though the faculty has been punished in various ways because it was sent.
My question/concern is this: given that the board has been made aware of the significant issues at the institution that would seem to fall under responsibility of the board, vis a vis fiduciary responsibility, is it possible, in the event that the college closes or has to cut a significant number positions, for the faculty and/or staff to sue the board for their failure to act? We're in a catch-22, whereby votes of censure or no-confidence may further hurt enrollment form a PR standpoint and will then be used by the president and/or board as being the reason for any further financial downturn.
Thanks.
I am a faculty member at a private, non-profit college in New York. Though our institution is facing the same challenges as other similar colleges that are tuition-dependent, the problems we face have been compounded by an unresponsive Board of Trustees that has aligned itself with the President rather than overseeing her management of the institution. Following a period of significant turnover at the administrative level, combined with an ongoing decline in enrollment, the pace and volume of which seems uncharacteristic relative to our peer institutions, a letter was sent to the Board outlining these issues. Unfortunately, the letter wasn't sent according to proper protocol, so the substance of the letter was ignored, though the faculty has been punished in various ways because it was sent.
My question/concern is this: given that the board has been made aware of the significant issues at the institution that would seem to fall under responsibility of the board, vis a vis fiduciary responsibility, is it possible, in the event that the college closes or has to cut a significant number positions, for the faculty and/or staff to sue the board for their failure to act? We're in a catch-22, whereby votes of censure or no-confidence may further hurt enrollment form a PR standpoint and will then be used by the president and/or board as being the reason for any further financial downturn.
Thanks.
Business Management: Suing a Board of Trustees
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