Duty of Loyalty/Conflict of Interest: Trustee/Board members owe allegiance to the institution and must act in good faith with the best interest of the organization in mind. The conduct of a Trustee/Board member must, at all times, further the institution’s goals and not the member’s personal or business interests.
Duty of Obedience: A trustee/board member has a responsibility to ensure that the institution’s resources are dedicated to the fulfillment of its mission… In addition, the Regents charge the Trustee to “ensure that financial resources are being used efficiently and effectively toward meeting the institution’s goals. :