ARTICLE I
AUTHORITY AND DUTIES OF THE BOARD OF TRUSTEES

The Board of Trustees (“Board”) shall have and exercise the corporate powers prescribed by law for boards of directors of nonprofit corporations. Its primary functions shall be policy making and sound resource management of the corporation (referred to in this and the following Articles as "University"). The Board shall further approve the general, educational and financial policies, and shall have the power to carry out any other functions which are permitted by these Bylaws or by the Articles of Incorporation, except as limited by law. These powers shall include but shall not be limited to the following:

1. Determine and periodically review the purposes and the mission of the University and its colleges and schools.
   
2. Elect the President, who shall be the Chief Executive Officer of the University, and remove him or her for just cause.
   
3. Authorize the establishment or discontinuance of colleges, schools, or degree programs of the University upon recommendation of the appropriate faculty bodies and the President of the University.
   
4. Establish policies regarding appointment, compensation, promotion, tenure, and dismissal of faculty members.
   
5. Review and establish the terms and conditions of employment for all administrators, staff, and other employees of the University.
   
6. Approve and authorize the awarding of earned degrees to qualified candidates upon recommendation of the appropriate faculty.
   
7. Act on all candidates recommended for honorary degrees by the Faculty Senate and the President of the University.
   
8. Establish the budgets of the University.
   
9. Establish policies for the management of the endowment and investment funds of the University.
   
10. Establish policies and provide leadership for all fundraising programs of the University.
    
11. Authorize the purchase and sale of all land, buildings or major equipment for use of the University.
    
12. Authorize the construction of and major alteration to buildings and other University properties.
    
13. Authorize the incurring of debts by the University and securing thereof by mortgage and pledge of real and personal property, tangible and intangible.
    
14. Authorize fees and establish tuition, room, and board charges.
    
15. Designate officers or agents of the University to accept gifts or bequests on behalf of the University.
    
16. Authorize and/or create advisory and other voluntary organizations that support the University or any of its units.
    
17. Control and authorize the use of the name “Drake University” or “Drake” by any outside or institutionally related group.
    

Next >>