The Virginia Wesleyan University Board of Trustees held their Fall Meeting last week in the Board of Trustees Suite in the Boyd Dining Center. After two weeks of staggered meetings by the seven Board Committees, members met to hear reports and take action on a variety of issues.
The opening session was an extensive presentation about the Batten Honors College. I thank Dean Travis Malone, scholar Criofan Shaw ’23, and Executive-in-Residence David Black for their presentation on the present and future of the program. Of the 147 honors colleges nationwide, initial indications show that the Batten Honors College may be the only honors college with a focus in environmental stewardship. From the students, to curriculum, to the graduation requirements, our program is truly unique, and the Board enjoyed hearing updates about this national niche for VWU.
During the business session, the Board voted to make Brown Advisory our new outsourced Chief Investment Officer (oCIO). CIO is a term used to describe general asset management services provided by an asset manager on a discretionary basis. Beyond a track record of good returns, Brown Advisory is one of 100 financial institutions who are members in the
Intentional Endowments Network, a group committed to investing for an equitable, low-carbon, and regenerative economy. We are committed to responsible stewardship of campus resources and to demonstrating leadership in sustainability as outlined in our
Environmental Guiding Principles. We look forward to a very strong working relationship with Brown Advisory.
Some of the other Board actions included:
- Approved updates to procedural documents relative to the recent significant growth of the endowment.
- Approved the new Bachelor of Arts in Allied Health Studies
- Approved updates to the Policy and Procedure Handbook
- Approved the FY 21-22 Budget (The final budget approval had been delayed as a result of a variety of revenue sources impacted by the pandemic)
- Approved the University’s Name, Image and Likeness (NIL) policy in regards to the NCAA affiliation
I thank Chair John Malbon, each of the Committee chairs, and all of our Board members for their time, energy, engagement, and support.