Fresno State Foundation's Board Governance Concerns
Fresno News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Fresno State Foundation, managing over $300 million in endowments and grants, eliminated term limits for its board in 2022, raising concerns about governance gaps, lack of oversight, and non-compliance with state rules. A recent review highlighted forty-six needed fixes, including board structure and daily operations, with key risks involving sloppy banking and single-person control over large wire transfers and system access. The foundation plans governance reforms to enhance efficiency and protect its vital work for the university.
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