Section 13.07 - Trustee TrainingEach Trustee of an Institution shall receive instruction and training in higher education financial metrics, legal and fiduciary responsibilities, and applicable standards for accreditation at least once every four years, as required pursuant to M.G.L. c. 69, § 31B(e).
(1) Each newly appointed Trustee of an Institution must be trained within 12 months of appointment.(2) Each Institution must arrange for instruction and trainings for that Institution's trustees.(3) As part of the annual reporting required by 610 CMR 13.09, an Institution must submit to the Department, at a minimum, the agenda and/or curriculum for instruction and training attended by its Trustees for the purpose of allowing the Department to evaluate its sufficiency and compliance with statutory requirements.Adopted by Mass Register Issue 1411, eff. 2/21/2020.Amended by Mass Register Issue 1482, eff. 11/11/2022.