USC trustees voted to dramatically restructure its board, including cutting membership nearly in half, imposing age and term limits and seeking to diversify membership.
USC trustees approved far-reaching changes to their governing board Tuesday aimed at reforming leadership weaknesses that prevented the private university from effectively handling a series of scandals over the last few years.
However, decisions on whether to share meeting agendas, discussion highlights or actions taken during private meetings would be made on a “case-by-case basis,” said Caruso, a billionaire developer and USC alum who has pledged greater accountability and transparency since taking the helm in May 2018. Board members will be limited to three five-year terms. Currently there are no term limits. Also board members will age out at 75 for voting positions. Currently, the age limit is 80.
He also said age and term limits are “inarguably, unquestionably considered best practices” and that if trustees resist tenure for faculty they should not insist on it for themselves.
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