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135-770: La Salle University ( / l ə ˈ s æ l / ) is a private , Catholic university in Philadelphia , Pennsylvania. The university was founded in 1863 by the Institute of the Brothers of the Christian Schools and named for St. Jean-Baptiste de La Salle . La Salle College was founded in March 1863 as an all-male college by Brother Teliow and Archbishop James Wood of the Archdiocese of Philadelphia . It

270-441: A quorum must be present before any business may be conducted. Usually, a meeting which is held without notice having been given is still valid if all of the directors attend, but it has been held that a failure to give notice may negate resolutions passed at a meeting, because the persuasive oratory of a minority of directors might have persuaded the majority to change their minds and vote otherwise. In most common law countries,

405-546: A sportswriter . The writer thought the university was named after the French explorer Sieur de La Salle , when in fact it is named after St. Jean-Baptiste de La Salle and was officially chosen in a student contest during the spring of 1932. In 2016, La Salle University changed its tagline from "Never Stop Exploring" to "Explorers are Never Lost". The program has been rated the 53rd "Greatest College Basketball Program of All-Time" by Street & Smith 's magazine and 71st by

540-583: A 60% increase since the establishment of HEC in 2002. The HEC digital library now provides access to over 20,000 leading research journals, covering about 75% of the world's peer-reviewed scientific journals. Until 1991, there were only two recognized private universities in Pakistan: Aga Khan University , established in 1983, and Lahore University of Management Sciences , established in 1985. By 1997, there were 10 private universities. From 2001–2002, this number had doubled to 20. Among

675-442: A board is not a career unto itself. For major corporations, the board members are usually professionals or leaders in their field. In the case of outside directors, they are often senior leaders of other organizations. Nevertheless, board members often receive remunerations amounting to hundreds of thousands of dollars per year since they often sit on the boards of several companies. Inside directors are usually not paid for sitting on

810-527: A board of directors vary depending on the nature and type of business entity and the laws applying to the entity (see types of business entity ). For example, the nature of the business entity may be one that is traded on a public market (public company), not traded on a public market (a private, limited or closely held company), owned by family members (a family business), or exempt from income taxes (a non-profit, not for profit, or tax-exempt entity). There are numerous types of business entities available throughout

945-405: A board of directors vary widely across organizations and may include provisions that are applicable to corporations, in which the "shareholders" are the members of the organization. A difference may be that the membership elects the officers of the organization, such as the president and the secretary, and the officers become members of the board in addition to the directors and retain those duties on

1080-515: A board, but the duty is instead considered part of their larger job description. Outside directors are usually paid for their services. These remunerations vary between corporations, but usually consist of a yearly or monthly salary, additional compensation for each meeting attended, stock options, and various other benefits. such as travel, hotel and meal expenses for the board meetings. Tiffany & Co. , for example, pays directors an annual retainer of $ 46,500, an additional annual retainer of $ 2,500 if

1215-439: A couple dozen prominent staff members and administrators. The university even cut six undergraduate majors, which were mostly in the foreign language department. However, just a year after her arrival, the school stated that it would decrease tuition by 29 percent. The reasoning for the significant tuition cut was to make La Salle more attractive and accessible for students from more diverse socioeconomic backgrounds. The university

1350-635: A distinction between free institutions (as in free from the State), which are recognized and funded by the Communities of Belgium (the State until 1990) and follow the same rules and laws as fully public universities, and fully private institutions, which are not recognized nor funded by the authorities, and thus do not issue valid degrees. Private ( free ) institutions are predominantly Catholic: UCLouvain , KU Leuven or Saint-Louis University, Brussels . On

1485-910: A dozen weekly service and volunteer projects in Philadelphia including working at food banks , homeless shelters , the Special Olympics , and more. La Salle holds mass once a day, every week. Their Sunday liturgy has high student involvement through student ministers. Students can also participate in service trips, known as Lasallian Immersion and Volunteer Experiences (LIVE). Service trips occur domestically and internationally. Domestic service trips include going to Habitat for Humanity programs, working in Harlan, Kentucky in Appalachia , and even going to local locations like Camden, New Jersey . International service trip volunteers go to Kenya ,

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1620-447: A firm in a different industry. Outside directors are not employees of the company or affiliated with it in any other way. Outside directors bring outside experience and perspectives to the board. For example, for a company that serves a domestic market only, the presence of CEOs from global multinational corporations as outside directors can help to provide insights on export and import opportunities and international trade options. One of

1755-638: A fully co-educational institution. A year later, La Salle opened Olney Hall (now known as Hayman Hall), its main academic building. It also continued to expand its property throughout the 1970s and 1980s, buying land along Chew Avenue in the Germantown section of the city, along with the Belfield Estate in 1984, and to the south of main-campus, the orphanage run by the Sisters of St. Basil the Great. It

1890-536: A generous " golden parachute " which also acts as a deterrent to removal. A 2010 study examined how corporate shareholders voted in director elections in the United States. It found that directors received fewer votes from shareholders when their companies performed poorly, had excess CEO compensation, or had poor shareholder protection. Also, directors received fewer votes when they did not regularly attend board meetings or received negative recommendations from

2025-404: A hands-on teaching facility for students interested in the communication field. In 2009, La Salle 56 officially changed their name to La Salle TV due to a recent agreement with Verizon to carry the student television station . La Salle University gained the cable channel in 1991 as part of the franchise agreements between cable providers and the city of Philadelphia. The student television station

2160-428: A lack of students during World War II , and the football team was disbanded due to a lack of players, but the college experienced a period of growth in the late 1940s. Several new buildings were constructed in the 1940s and 1950s, including a new library, student union , and a science building. It was also during this time that the first student residence halls were constructed at La Salle, mostly on land purchased from

2295-709: A member of the Big 5, the Explorers historically played against Temple University , the University of Pennsylvania , Villanova University and Saint Joseph's University at least once a year at the Palestra . Starting in 2023–24, with the retooling of the Big 5 into the Big 5 Classic and the formal addition of Drexel University to the rivalry, La Salle is only guaranteed games with Drexel and Temple, plus one game against one of

2430-414: A number of student services, including non-remedial tutoring, a women's center, career advising and placement services, health services, and health insurance. La Salle also offers campus safety and security services like 24-hour foot and vehicle patrols, late night transport/escort service, 24-hour emergency telephones, lighted pathways/sidewalks, controlled dormitory access (key, security card, etc.). Alcohol

2565-579: A portion of Germantown Hospital in the Germantown neighborhood of the city. La Salle's campus is divided into 3 parts: North, South, and West campus. Both the North and South parts of campus are located in the Logan, Philadelphia -Belfield area of Philadelphia, and the western portion of campus (west of Wister Street) is located in the Germantown, Philadelphia neighborhood of the city. The La Salle Art Museum

2700-518: A position on the board. Shareholder nominations can only occur at the general meeting itself or through the prohibitively expensive process of mailing out ballots separately; in May 2009 the SEC proposed a new rule allowing shareholders meeting certain criteria to add nominees to the proxy statement. In practice for publicly traded companies, the managers ( inside directors ) who are purportedly accountable to

2835-765: A private institution to be called " université ", and most of the universities in France are public. In France, grandes écoles are part of an alternative educational system that operates alongside the mainstream French public university system . Grandes écoles can be public , semi-private or private, but the most prestigious ones are public. These institutions operate mostly in engineering studies and business administration. The best-known semi-private grandes écoles are generally business, engineering, and humanities schools; they are generally managed by chambers of commerce and industry, with capital open to other private companies. Other grandes écoles are entirely private, but this

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2970-416: A proxy advisory firm. The study also shows that companies often improve their corporate governance by removing poison pills or classified boards and by reducing excessive CEO pay after their directors receive low shareholder support. Board accountability to shareholders is a recurring issue. In September 2010, The New York Times noted that several directors who had overseen companies which had failed in

3105-439: A relatively small number of individuals have significant influence over many important entities. This situation can have important corporate, social, economic, and legal consequences, and has been the subject of significant research. The process for running a board, sometimes called the board process , includes the selection of board members, the setting of clear board objectives, the dissemination of documents or board package to

3240-461: A requirement for all foreign institutions endeavoring to operate businesses in the country. Almost all the private universities in Ghana focus on similar areas of academic study, including business administration, human resources, accounting, information technology, and related fields, which are offered by universities like Ashesi , Regent , Valley View , and Ghana Telecom , among others. In addition,

3375-438: A resolution of the remaining directors (in some countries they may only do so "with cause"; in others the power is unrestricted). Some jurisdictions also permit the board of directors to appoint directors, either to fill a vacancy which arises on resignation or death, or as an addition to the existing directors. In practice, it can be quite difficult to remove a director by a resolution in general meeting. In many legal systems,

3510-415: A single-tier board, while the chairman of the management board is reckoned as the company's CEO or managing director . These two roles are always held by different people. This ensures a distinction between management by the executive board and governance by the supervisory board and allows for clear lines of authority. The aim is to prevent a conflict of interest and too much power being concentrated in

3645-520: A student programming center whose mission is primarily to plan activities (games, movie nights, bus trips, etc.) for the students of La Salle University. The Communication Department operates La Salle 56 , a cable TV educational-access television station available to 300,000 subscribers. The university also has a student-run radio station, WEXP and a student-run weekly newspaper, The Collegian , along with over 100 other intramurals, clubs, and NCAA Division I sports offered. La Salle University offers

3780-569: A total undergraduate enrollment of about 3,947, its setting is urban, and the campus size is 133 acres. La Salle TV is a student run, public, educational, and government access (PEG) cable television station that offers an Educational-access television channel run by La Salle and carried within Philadelphia's city limits on the Comcast cable system. The station reaches over 300,000 homes and serves La Salle students and its neighbors with educational and entertaining programs. The station also serves as

3915-414: Is dividend and how much it is, stock options distributed to employees, and the hiring/firing and compensation of upper management . Theoretically, the control of a company is divided between two bodies: the board of directors, and the shareholders in general meeting . In practice, the amount of power exercised by the board varies with the type of company. In small private companies, the directors and

4050-462: Is a 3.35 on a 4.0 scale. Its acceptance rate is labeled as "moderately difficult" and admits about 75 percent of students who apply. La Salle requires SAT or ACT scores and an essay for admission. La Salle also uses the common application for prospective students in the United States. According to The New York Times , the median family income of a student from La Salle is about $ 91,000 per year. 40 percent of La Salle students come from families in

4185-687: Is a founding member of the American Student Government Association . The president's office, formerly located in the historic Peale House, is now in College Hall, the former business school building. Within La Salle is the College of Professional and Continuing Studies and its three Schools: Arts & Sciences, Business Administration, and Nursing & Health Sciences. Communication, Nursing, and Education are

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4320-569: Is a main component of the Communication Department, which uses the department's technical facility and allows use students majoring in communication. Notable station alumni include Meredith Marakovits . La Salle TV features a variety of student-produced programs, including collegiate sports, entertainment, and social issues. Original student films are broadcast in addition to interviews with local and national authors, actors, musicians, athletes, and television personalities. During

4455-406: Is also an additional statutory body for audit purposes. The OECD Principles are intended to be sufficiently general to apply to whatever board structure is charged with the functions of governing the enterprise and monitoring management. The development of a separate board of directors to manage/govern/oversee a company has occurred incrementally and indefinitely over legal history. Until the end of

4590-408: Is associated with rigorous monitoring and improved corporate governance. In some European and Asian countries, there are two separate boards, an executive board (or management board) for day-to-day business and a supervisory board (elected by the shareholders and employees) for supervising the executive board. In these countries, the chairman of the supervisory board is equivalent to the chairman of

4725-533: Is at La Salle University, where the sorority originally began. Alpha Theta Alpha was La Salle University's first sorority. In addition, La Salle also offers two co-educational fraternities: a business fraternity, Delta Sigma Pi , and a community service fraternity, Epsilon Sigma Alpha . La Salle's religiously-affiliated University Ministry and Service (UMAS) program offers student ministry and community service opportunities for students. Regardless of religious affiliation, La Salle students can participate in more than

4860-413: Is considered to be comparatively weak due to the limited time they can dedicate to this task. Overconfident directors are found to pay higher premiums in corporate acquisitions and make worse takeover choices. Locally rooted directors tend to be overrepresented and lack international experience, which can lead to lower valuations, especially in internationally oriented firms. Directors' military experience

4995-1065: Is due to the form of testing in schools in Taiwan, in which students take a national entrance exam to determine their university qualifications. The most well known private university is Fu Jen Catholic University , and the oldest is Tunghai University . Since the 1990s, several private universities have opened in Vietnam including Ho Chi Minh City Open University being one of the first. Some characteristics of Vietnamese private universities as of 2010 are high (very high in some cases) tuition fees, poor infrastructure, limited faculty, and human resources. Private universities are often named after scholars ( Fulbright University Vietnam, Vo Truong Toan University, Nguyen Trai University, Luong The Vinh University, Chu Van An University, Yersin University, Phan Chau Trinh University), or heroes/legends ( Hung Vuong University, Quang Trung University); although there are exceptions such as FPT University , named after

5130-540: Is home to several private universities, including Sohar University , the University of Nizwa , Middle East College , and the German University of Technology in Oman . These universities offer a range of undergraduate, graduate, and professional programs in fields such as business, engineering, and information technology. Private universities in Oman offer a more personalized and interactive learning experience, as

5265-412: Is led by its board of trustees headed by a president and chair. The president serves one or more 5–year terms. As of 2022, there have been 29 Presidents . Students are represented through a democratically elected student government . The La Salle Students' Government Association sits on numerous committees led by staff and administrators, including some board meetings. La Salle's student government

5400-735: Is located in the basement of Hayman Hall and houses a collection of European and American art from the Renaissance to the present. The museum also owns a number of special collections including Japanese prints. The art museum is also home to the Walking Madonna , one of four by the British artist Dame Elisabeth Frink . Frink created the sculpture in 1981, the other Walking Madonna sculptures remain in England, with one in Salisbury and

5535-731: Is one private university in Madaba city, the American University of Madaba (AUM) . There are 11 private universities and colleges in Kuwait . There are 19 private universities in Lebanon. Among these, the American University of Beirut and the Lebanese American University are internationally acknowledged. The languages used for teaching in private universities are mainly French and English ; Arabic

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5670-401: Is one whose board is self-appointed, rather than being accountable to a base of members through elections; or in which the powers of the membership are extremely limited. In membership organizations , such as a society made up of members of a certain profession or one advocating a certain cause, a board of directors may have the responsibility of running the organization in between meetings of

5805-486: Is permitted for students of legal age, making La Salle one of the few Catholic wet campuses . La Salle is also an LGBTQ -friendly Catholic university. About 55 percent of the students live in college-owned, -operated or -affiliated housing and 45 percent of students live off campus near the university or commute from home. The gender distribution is about 37 percent male students and 63 percent female students. Of La Salle students, about 35 percent have cars on campus. It has

5940-423: Is rarer, and they sometimes establish partnerships with public universities. Board of trustees A board of directors is an executive committee that supervises the activities of a business , a nonprofit organization , or a government agency . The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law ) and

6075-509: Is responsible for the accreditation of these institutes and degrees. These mostly provide undergraduate degrees with a few providing postgraduate degrees. The Informatics Institute of Sri Lanka (IIT), NSBM Green University (NSBM), Horizon Campus and Sri Lanka Institute for Information Technology (SLIIT) are examples. Some foreign universities franchise parts of their degree courses in Sri Lanka with local institutes. Students are charged for

6210-408: Is that in large public companies it is upper management and not boards that wield practical power, because boards delegate nearly all of their power to the top executive employees, adopting their recommendations almost without fail. As a practical matter, executives even choose the directors, with shareholders normally following management recommendations and voting for them. In most cases, serving on

6345-459: Is that the board tends to have more de facto power. Most shareholders do not attend shareholder meetings, but rather cast proxy votes via mail, phone, or internet, thus allowing the board to vote for them. However, proxy votes are not a total delegation of the voting power, as the board must vote the proxy shares as directed by their owner even when it contradicts the board's views. In addition, many shareholders vote to accept all recommendations of

6480-742: Is widely used in religious universities and Armenian is used in the Armenian university. The first university opened in Lebanon was the Syrian Protestant College in 1866 (which became the American University of Beirut in 1921). It was founded by Daniel Bliss, a Protestant missionary. The second university opened in Lebanon was the Université Saint-Joseph , founded by the Jesuits in 1875. Oman

6615-446: The chairman (often now called the "chair" or "chairperson"), who holds whatever title is specified in the by-laws or articles of association . However, in membership organizations, the members elect the president of the organization and the president becomes the board chair, unless the by-laws say otherwise. The directors of an organization are the persons who are members of its board. Several specific terms categorize directors by

6750-400: The 2007–2008 financial crisis had found new positions as directors. The SEC sometimes imposes a ban (a "D&O bar") on serving on a board as part of its fraud cases, and one of these was upheld in 2013. The exercise by the board of directors of its powers usually occurs in board meetings. Most legal systems require sufficient notice to be given to all directors of these meetings, and that

6885-693: The American University in Cairo , the German University in Cairo , The British University in Egypt , the Arab Academy for Science, Technology and Maritime Transport , Misr University for Science and Technology , Misr International University , Future University in Egypt and the Modern Sciences and Arts University . In addition to the state-funded national and private universities in Egypt , international university institutions were founded in

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7020-492: The Dominican Republic , Haiti , Honduras , and more. Each student's trip is subsidized by the school and by their own fundraising initiatives. La Salle alumni have earned numerous accolades, scholarships, and titles including an Emmy award , a Pulitzer Prize , six Olympic gold medals , a Marshall scholarship , about one-hundred Fulbright scholarships , and more. La Salle has three alumni currently serving in

7155-823: The FPT Corporation and Tan Tao University in Tan Tao Group . In Vietnam, there are also "semi-private university"; schools in this category which can receive partial financial support from the government. Almost all private universities have to invite professors and lecturers from state universities. Many lecturers from state-owned universities take up positions in private universities after their retirement. There are numerous private universities and independent faculties in Armenia , mostly in Yerevan . As of 2022, there are 31 private higher education institutions in

7290-627: The International University Vienna , whose accreditation was withdrawn in 2003 due to academic misconduct; Imadec University , whose first accreditation period ended in January 2006 and was not renewed; TCM Privatuniversität Li Shi Zhen in Vienna , whose accreditation period ended 2009 without renewal students; and PEF Private University of Management Vienna , which closed for economic reasons in March 2012. Belgium makes

7425-540: The New Administrative Capital and are hosting branches of Universities from abroad. The Knowledge Hub (TKH) and European Universities in Egypt (EUE) are among these institutions. The Ethiopian Orthodox Tewahedo Church doctrine embraces traditional higher institutions in Ethiopia . Modern higher education could be traced back to the regime of Emperor Haile Selassie , with the first university,

7560-801: The Plymouth Meeting Metroplex Corporate Center in Montgomery County, Pennsylvania . In the fall of 2016, La Salle changed its motto from "Never Stop Exploring" to "Explorers are Never Lost". The change reflected a new brand campaign, coinciding with the announcement that La Salle would decrease tuition by more than 29 percent. In the Spring of 2024 La Salle announced it was releasing a new motto "Be Known For More". Students at La Salle are offered many opportunities to participate at different degrees and in many different ways. There are several organizations and

7695-539: The Private Universities Act, 1992 was instituted, consolidated, and re-enacted as the Private Universities Act, 2010 . All private universities must be approved by University Grants Commission (UGC) before they are given a permit to operate. As of April 2018, there were 97 private universities in Bangladesh . Private institutions must confer the students with external programs such as BDTVEC,

7830-578: The Revolutionary War patriot and painter famous for his portraits of the founding fathers , most notably, George Washington . The first to occupy the land of the Belfield after the passing of the famously known painter, Charles Wilson Peale, was William Logan Fisher. Fisher was born to the family of Thomas Fisher and Sarah Logan ; Sarah had inherited the northeastern portion of Stenton. Fisher's roots lay deeply in La Salle's history as he owned

7965-727: The UGC (Establishment and Maintenance of Standards in Private Universities) Regulations, 2003 . Per the UGC act and these regulations, private universities are established by acts of state legislative assemblies and listed by the UGC in the Gazette upon receiving the relevant act. As confirmed by the ruling of the Supreme Court of India , recognition by the UGC is required for the university to operate. Also, per

8100-865: The United States House of Representatives along with about a dozen representatives in the Pennsylvania General Assembly and one on the Philadelphia City Council . Private university Across the world, different countries have different regulations regarding accreditation for private universities and as such, private universities are more common in some countries than in others. Some countries do not have any private universities at all. Egypt currently has 21 public universities with about two million students and 23 private universities with 60,000 students. Egypt has many private universities including

8235-416: The executive board . Typical duties of boards of directors include: The legal responsibilities of boards and board members vary with the nature of the organization, and between jurisdictions. For companies with shares publicly listed for negotiation , these responsibilities are typically much more rigorous and complex than for those of other types. Typically, the board chooses one of its members to be

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8370-409: The shareholders , and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germany and Sweden), the workers of a corporation elect a set fraction of the board's members. The board of directors appoints the chief executive officer of the corporation and sets out the overall strategic direction. In corporations with dispersed ownership,

8505-461: The 1980 Division II AIAW Field Hockey Championship. The school also won the 1952 National Invitation Tournament . La Salle's major historic rival has been the Hawks of Saint Joseph's University , especially in men's basketball . Not only are both universities situated in Philadelphia, but they are also both Catholic, private institutions. The name "Explorer" derives from a 1931 mistake made by

8640-511: The 19th century, it seems to have been generally assumed that the general meeting (of all shareholders) was the supreme organ of a company, and that the board of directors merely acted as an agent of the company subject to the control of the shareholders in general meeting. However, by 1906, the English Court of Appeal had made it clear in the decision of Automatic Self-Cleansing Filter Syndicate Co Ltd v Cuninghame [1906] 2 Ch 34 that

8775-720: The 2003 regulations, the UGC sends committees to inspect the private universities and publishes their inspection report. The UGC publishes and regularly updates the lists of private universities. As of 23 August 2022 , the UGC lists 421 private universities. As of 2010 , Japan had 597 private universities, 86 national universities , and 95 public universities . Private universities thus account for over 75% of all universities in Japan. A large number of junior colleges in Japan are private and like public and national universities, many private universities use National Center Test for University Admissions as an entrance exam . There

8910-500: The 2023-24 season, Tom Gola Arena was renovated and is now known as John Glaser Arena . The new arena is named after John E. Glaser, an alumni and doner who provided funds for the arena renovation. The Explorers play at the Wells Fargo Center for Philadelphia Big 5 tournament games. La Salle moved to its fourth and present location in 1931. The campus is located in part on Belfield , the estate of Charles Willson Peale ,

9045-455: The 21st century. However, since then, Ghana has seen a flood of private universities and colleges established – a reflection of the country's stable governance and the pace of economic growth. Most of these universities are not known to be sponsored by foreign corporate organizations or government universities and the aim is to avoid the Ghanaian government's excessive payment of bonds, which is

9180-509: The Auston Institute of Management, Singapore. The Sri Lanka campus was established in 2010 and is a Board of Investment or (BOI) company. It retains a similar focus to the home campus and occupies a prime spot along Colombo's famous Galle Road. In Taiwan , private universities are typically not as prestigious as some public (national) universities. They are not ranked as high as public institutions and cost nearly twice as much. This

9315-613: The CEO and their direct reports (other C-level officers, division/subsidiary heads). Board structures and procedures vary both within and among OECD countries. Some countries have two-tier boards that separate the supervisory function and the management function into different bodies. Such systems typically have a "supervisory board" composed of nonexecutive board members and a "management board" composed entirely of executives. Other countries have "unitary" boards, which bring together executive and non-executive board members. In some countries there

9450-404: The CEO position in some organizations). Executive directors often have a specified area of responsibility in the organization, such as finance, marketing, human resources, or production. An outside director is a member of the board who is not otherwise employed by or engaged with the organization, and does not represent any of its stakeholders. A typical example is a director who is president of

9585-516: The ESPN College Basketball Encyclopedia. La Salle has won one National Championship, one National Invitation Tournament Championship, and advanced to two Final Fours . The Explorers have also made 12 NCAA Tournament appearances, won eight Philadelphia Big 5 city championships, and four Metro Atlantic Athletic Conference Championships. The program is one of only two schools (with Houston) to have two players in

9720-593: The Fall of 2005, the $ 26 million first phase of this master plan was completed with the construction of Tree Tops Cafe (dining hall) and St. Basil Court (Residence Hall). St. Basil's houses approximately 430 students. Three of the building's wings feature "suites", in which four students share two bedrooms and one bathroom. The fourth wing's rooms have the traditional one-room for housing two students with communal bathrooms. The facilities have lounges, study rooms, and special purpose rooms. A $ 2.5 million athletic field renovation

9855-579: The Philadelphia-area before becoming an Internet radio -only station. WEXP opened its studio in 1972. Initially, the radio station could only be heard inside the Student Union building. However, with the advent of computers in every dorm, where AM radios became scarcer to find, the station chose to embark on an Internet-only focus, setting up a partnership with live365 beginning in the fourth quarter of 2002. The shift in focus re-energized

9990-547: The U.S., the directors which are available to vote on are largely selected by either the board as a whole or a nominating committee . Although in 2002 the New York Stock Exchange and the NASDAQ required that nominating committees consist of independent directors as a condition of listing, nomination committees have historically received input from management in their selections even when the CEO does not have

10125-529: The US are the National Association of Corporate Directors , McKinsey and The Board Group. A board of directors conducts its meetings according to the rules and procedures contained in its governing documents. These procedures may allow the board to conduct its business by conference call or other electronic means. They may also specify how a quorum is to be determined. The responsibilities of

10260-675: The University College of Addis Ababa (now called the Addis Ababa University or AAU) formed in 1950. In 1954, the Haramaya University opened. As of 2022, there are 83 private universities, 42 public universities, and more than 35 institutions of higher learning. There are 16,305 students enrolled in higher education as a whole. There were a few private universities in Ghana before the beginning of

10395-652: The University Grant Commission (UGC), is the primary regulator of higher education in Pakistan . It also facilitates the development of the higher educational system in Pakistan. Its main purpose is to upgrade the schools to be world-class centers of education, research, and development. It also plays a leading role in building a knowledge-based economy in Pakistan by giving out hundreds of doctoral scholarships for education abroad every year. Despite

10530-663: The Year), Joe Bryant (father of Kobe Bryant ), Rasual Butler (formerly with the Washington Wizards ), Larry Cannon , Ken Durrett , Tom Gola , ( NBA Hall of Fame inductee and 1955 College Player of the Year), and Tim Legler (current basketball analyst for ESPN and 4th all-time in NBA three-point shooting percentage). The Explorers played in Tom Gola Arena as their main home stadium from 1998 to 2024. Following

10665-440: The academic year when the majority of new programming is produced, each show is assigned a specific timeslot. Two-hour station masters containing non-dated material fill the remaining time. The hours between 8:00pm and 12:00am are used mainly for new La Salle-produced programs. The Collegian published its first issue on March 16, 1931. It is the only on-campus newspaper for La Salle. It is published weekly every Thursday throughout

10800-410: The arguments for having outside directors is that they can keep a watchful eye on the inside directors and on the way the organization is run. Outside directors are unlikely to tolerate "insider dealing" between inside directors, as outside directors do not benefit from the company or organization. Outside directors are often useful in handling disputes between inside directors, or between shareholders and

10935-459: The best dorm in the country. St. Basil's Court is mostly home to honors students, athletes, and upperclassmen. Living styles vary by location. In North Residence Halls and St. Neumann, men and women live in the same building but on different floors. In St. Basil's, men and women live on the same floors but on different sides of the hall. In the St. Miguel Townhouses and Apartments, men and women live with

11070-470: The board members, the collaborative creation of an agenda for the meeting, the creation and follow-up of assigned action items , and the assessment of the board process through standardized assessments of board members, owners, and CEOs. The science of this process has been slow to develop due to the secretive nature of the way most companies run their boards, however some standardization is beginning to develop. Some who are pushing for this standardization in

11205-492: The board of directors have historically played a major role in selecting and nominating the directors who are voted on by the shareholders, in which case more "gray outsider directors" (independent directors with conflicts of interest ) are nominated and elected. In countries with co-determination , a fixed fraction of the board is elected by the corporation's workers. Directors may also leave office by resignation or death. In some legal systems, directors may also be removed by

11340-454: The board rather than try to get involved in management, since each shareholder's power, as well as interest and information is so small. Larger institutional investors also grant the board proxies. The large number of shareholders also makes it hard for them to organize. However, there have been moves recently to try to increase shareholder activism among both institutional investors and individuals with small shareholdings. A contrasting view

11475-405: The board. The directors may also be classified as officers in this situation. There may also be ex-officio members of the board, or persons who are members due to another position that they hold. These ex-officio members have all the same rights as the other board members. Members of the board may be removed before their term is complete. Details on how they can be removed are usually provided in

11610-456: The board. They are thought to be advantageous because they can be objective and present little risk of conflict of interest. On the other hand, they might lack familiarity with the specific issues connected to the organization's governance, and they might not know about the industry or sector in which the organization is operating. Individual directors often serve on more than one board. This practice results in an interlocking directorate , where

11745-459: The bylaws. If the bylaws do not contain such details, the section on disciplinary procedures in Robert's Rules of Order may be used. In a publicly held company , directors are elected to represent and are legally obligated as fiduciaries to represent owners of the company—the shareholders /stockholders. In this capacity they establish policies and make decisions on issues such as whether there

11880-487: The contrary, the Free University of Brussels (nowadays split into ULB and VUB ) was founded by masonic individuals. All of these institutions began to be recognized by the State from 1891 onwards. It is forbidden by law to call a fully private institution "university" or "faculty", meaning fully private (non- free ) 'universities' have limited visibility. Bulgaria has many private universities, among which

12015-530: The country, most notably the American University of Armenia and the Eurasia International University . In Austria , educational institutions must be authorized by the country to legally grant academic degrees . All state-run universities are governed by the 2002 Austrian Universities' and University Degree Programmes' Organisation Act (Federal Law Gazette No. 120/2002). In 1999, a federal law ( Universitäts-Akkreditierungsgesetz )

12150-563: The criticism of the HEC, its creation had a positive impact on higher education in Pakistan. Its two-year report for 2004 to 2006 states that according to the Institute of Scientific Information, the total number of publications appearing in the 8,000 leading journals indexed in the Web of Science arising out of Pakistan in 2005 was 1,259 articles, representing a 41% increase over the past two years and

12285-436: The director has a right to receive special notice of any resolution to remove them; the company must often supply a copy of the proposal to the director, who is usually entitled to be heard by the meeting. The director may require the company to circulate any representations that they wish to make. Furthermore, the director's contract of service will usually entitle them to compensation if they are removed, and may often include

12420-487: The director is also a chairperson of a committee, a per-meeting-attended fee of $ 2,000 for meetings attended in person, a $ 500 fee for each meeting attended via telephone, in addition to stock options and retirement benefits. Academic research has identified different types of board directors. Their characteristics and experiences shape their role and performance. For instance, directors with multiple mandates are often referred to as busy directors. Their monitoring performance

12555-478: The division of powers between the board and the shareholders in general meaning depended on the construction of the articles of association and that, where the powers of management were vested in the board, the general meeting could not interfere with their lawful exercise. The articles were held to constitute a contract by which the members had agreed that "the directors and the directors alone shall manage." The new approach did not secure immediate approval, but it

12690-544: The first to gain degree awarding status was Hajvery University, Lahore (HU), established in 1990. From 2003–2004, Pakistan had a total of 83 private degree granting institutions. There are nine private universities in Saudi Arabia . In Sri Lanka , state-recognized private institutes are allowed to award degrees under Section 25A of the Universities Act No. 16 of 1978. The University Grants Commission

12825-407: The former Belfield Country Club. Additional student housing was provided by purchasing or renting local homes, such as the house known as "The Mansion", on David and Logan Blain's Belfield Estate . During the 1960s, the high school section moved out due to the lack of space after many years of sharing the same campus with the College. La Salle admitted women to its regular classes in 1970, becoming

12960-412: The general body of shareholders can control the exercise of powers by the articles in the directors is by altering the articles, or, if opportunity arises under the articles, by refusing to re-elect the directors of whose actions they disapprove. They cannot themselves usurp the powers which by the articles are vested in the directors any more than the directors can usurp the powers vested by the articles in

13095-483: The general body of shareholders. It has been remarked that this development in the law was somewhat surprising at the time, as the relevant provisions in Table A (as it was then) seemed to contradict this approach rather than to endorse it. In most legal systems, the appointment and removal of directors is voted upon by the shareholders in general meeting or through a proxy statement . For publicly traded companies in

13230-426: The hands of one person. There is a strong parallel here with the structure of government, which tends to separate the political cabinet from the management civil service . In the United States, the board of directors (elected by the shareholders) is often equivalent to the supervisory board, while the executive board may often be known as the executive committee (operating committee or executive council), composed of

13365-546: The identification and nomination of directors (that shareholders vote for or against) are often done by the board itself, leading to a high degree of self-perpetuation. In a non-stock corporation with no general voting membership, the board is the supreme governing body of the institution, and its members are sometimes chosen by the board itself. Other names include board of directors and advisors , board of governors , board of managers , board of regents , board of trustees , and board of visitors . It may also be called

13500-483: The intersection of 20th Street and Olney Avenue in the Logan neighborhood of the city. The new location had a suburban feel with ample land, but was linked to the city by trolleys and the newly constructed Broad Street Subway . The 1930s proved to be a tumultuous decade for La Salle, which was nearly bankrupt after being unable to sell the 1240 North Broad Street property. The main academic building on campus, College Hall

13635-636: The land that is now South Campus. After living there, Fisher gave this land to his daughter Sarah Logan Fisher and her husband William Wister. The home belonged to the Wisters until 1984 when La Salle University purchased the land. What once was the home of a famous artist, and later affluent family , is the current office of the University president. La Salle's campus is located in the Logan, Philadelphia -Ogontz/Belfield neighborhood of Philadelphia. In May 2007, La Salle created their West Campus after buying

13770-643: The largest awarding body in the country, BTEC , and Cambridge International Examinations pathways. Accreditation by the Brunei Darussalam National Accreditation Council (BDNAC) is crucial to establish a private institution. Private universities have been established in Cambodia since 1997. Since 2003, joint-partnership private universities have been established in the People's Republic of China (PRC). Typically,

13905-483: The largest majors at La Salle. Courses in the programs may be offered in traditional, online, or hybrid formats. In the Fall 2017 semester, La Salle University decreased its tuition by 29%, citing affordability for all students and a "renaissance" at the school. Even prior to the tuition reduction, La Salle was recognized for its value. Undergraduate fall enrollment declined from more than 4,500 in 2012 to 3,900 in 2018. The average GPA for an admitted student at La Salle

14040-418: The membership, especially if the membership meets infrequently, such as only at an annual general meeting . The amount of powers and authority delegated to the board depend on the bylaws and rules of the particular organization. Some organizations place matters exclusively in the board's control while in others, the general membership retains full power and the board can only make recommendations. The setup of

14175-482: The most renowned are New Bulgarian University , located in the capital city Sofia ; Burgas Free University ; Varna Free University and American University in Bulgaria . Finland does not officially recognize private universities but does not explicitly forbid them either. Helsinki School of Business is an example of one such educational institution operating in this market. Since 1880, it has been illegal for

14310-582: The nationally recognized sorority founded in Austin, Texas —is the only unrecognized national fraternity on La Salle's campus. Sigma Phi Lambda, however, was La Salle University's first and oldest fraternity. La Salle's Greek life community consists of six sororities. Sororities were incorporated at La Salle after 1970, once the school started admitting women. Five La Salle sororities are nationally recognized: Alpha Sigma Tau, Gamma Phi Beta, Delta Phi Epsilon, Phi Mu, and Zeta Phi Beta. Alpha Theta Alpha's only charter

14445-424: The organization's own constitution and by-laws . These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation , non-executive directors are elected by

14580-429: The organization. Inside directors represent the interests of the entity's stakeholders, and often have special knowledge of its inner workings, its financial or market position, and so on. Typical inside directors are: An inside director who is employed as a manager or executive of the organization is sometimes referred to as an executive director (not to be confused with the title executive director sometimes used for

14715-562: The other in Frink's garden at her home. In early 2018, the university announced plans to sell forty-six artworks from the La Salle University Art Museum to "help fund teaching and learning initiatives in its new strategic plan". Selling art to fund the university is controversial in the art community and the plan was criticized by artists and museum groups. In 2011, St. Basil's Court was considered by DormSplash.com as

14850-558: The other three teams. (The Explorers' two A-10 games against Saint Joseph's are not part of the Classic.) They have won eleven titles. La Salle has sent 16 athletes to the Olympic a total of 22 times. La Salle athletes have won a total of six Olympic medals (four gold, and two bronze) and have appeared in eleven Olympic Games . La Salle's teams have won two national championships : The 1954 NCAA Men's Division I Basketball Tournament and

14985-715: The partners may include a Chinese university and a non-Chinese institution. English is often the only language of instruction at such universities and many focus on providing a comprehensive liberal arts education modeled after research universities in the United States and Europe. Universities in India are recognized by the University Grants Commission (UGC), which draws its power from the University Grants Commission Act, 1956 . Private universities in India are regulated under

15120-457: The powers of the board are vested in the board as a whole, and not in the individual directors. However, in instances an individual director may still bind the company by their acts by virtue of their ostensible authority (see also: the rule in Turquand's Case ). Because directors exercise control and management over the organization, but organizations are (in theory) run for the benefit of

15255-454: The presence or absence of their other relationships to the organization. Corporations often appoint a former senior executive and ex-board member as honorary president , a position that does not carry any executive authority and represents recognition of the person's corporate governorship and performance. An inside director is a director who is also an employee, officer, chief executive, major shareholder , or someone similarly connected to

15390-652: The recent discovery of oil and gas in commercial quantities has influenced the development of oil and gas management courses within the private universities' curricula. Libya has several recognized private education institutions and universities that have been approved by the Ministry of Higher Education. They are ranked and qualified to specialize in academic programs in Business Administration, Computer Science, Law, Medicine, and Humanitarianism. The National Universities Commission of Nigeria holds

15525-796: The responsibility to approve private universities and accredit their courses. This ensures a minimum standard in curriculum and teaching. There are currently 60 approved private universities in Nigeria and many applications are being processed. In South Africa , there are many distinctions between public universities and what are officially termed private higher education institutions. Recognized private higher education institutions include Akademia ( af ), Regent Business School , Eduvos , Varsity College , Vega School , Milpark , Midrand Graduate Institute , and Regenesys Business School . Numerous private universities were established in Bangladesh after

15660-657: The same gender in their own living space with a kitchen and bathrooms. In 2016, students voted to have gender-neutral housing in the St. Miguel Townhouses, which would make La Salle the only Catholic university in the country to facilitate co-ed living. This issue caused controversy in Catholic circles across the United States since it is traditional for Catholic school residence halls to be completely separated by gender. La Salle also has individual unit gender-neutral bathrooms in some of their residence halls. La Salle has spent about $ 75 million in renovations going back to 2005. In

15795-428: The same privileges including social security, foreign law, and state scholarships as students at state universities. Educational services of private universities are not subject to value added tax , and donations are tax-deductible. Accreditations must be renewed regularly and can be withdrawn, e.g., in the case of repeated academic misconduct as happened in 2003 when the accreditation of International University Vienna

15930-560: The school year. The newspaper is written, edited, and produced by La Salle students underneath a faculty adviser. The newspaper is not independent, meaning that it has restrictions placed by the University on what it can publish. Restrictions are placed by the Division of Student Affairs and sometimes the President's Office. WEXP is a college radio station with a freeform radio format . It previously broadcast on 1600 and 530 AM in

16065-468: The shareholders are normally the same people, and thus there is no real division of power. In large public companies , the board tends to exercise more of a supervisory role, and individual responsibility and management tends to be delegated downward to individual professional executives (such as a finance director or a marketing director) who deal with particular areas of the company's affairs. Another feature of boards of directors in large public companies

16200-530: The station by recruiting more members and boosting listenership both on campus and across the country. One of the aspects of La Salle's social scene are its fraternities and sororities. In total, La Salle has fourteen Greek life organizations: Ten traditional fraternities and sororities, two Divine Nine (historically black) organizations, and two co-educational fraternities. La Salle has six chartered fraternities, five of which are nationally recognized. Sigma Phi Lambda—not to be confused with Sigma Phi Lambda ,

16335-684: The student-teacher ratio is typically lower and there are more opportunities for hands-on learning. Additionally, private universities in Oman often have more flexible curriculums and can respond quickly to changing labor markets and global trends.   All private universities in Oman must be recognized by the Omani Ministry of Higher Education to offer degree programs and receive approval for new degrees. The Ministry has procedures and standards that all universities must meet to receive accreditation and recognition as an institution of higher education. The Higher Education Commission (HEC), formerly

16470-403: The study (some of these institutes are state-funded institutions of their home countries) and these charges are often a fraction of the cost of studying in the home countries of these institutions. Efforts to establish private universities have been blocked due to protests from state universities' undergraduates and leftist political parties. Many private colleges have sprung up since, including

16605-721: The term "university" as opposed to "private university" in their advertisements in all languages except German while still complying with Austrian law. While the legal definition of "private university" prohibits funding by the federal government of Austria, funding by other public bodies is not prohibited. Consequently, some of Austria's private universities are partly or wholly funded by provincial governments, while others are fully privately funded. Accreditation of private universities began in 2001. As of 2020 , Austria has 16 private universities. Most are small (fewer than 1000 students) and specialize in only one or two fields of study. Four former private universities are not accredited anymore:

16740-637: The top 20 percent of income. 37.1 percent come from families in the bottom 60 percent of income (<$ 65,000 per year). Less than 1 percent come from families in the top 1 percent of income ($ 650k+). La Salle University's 20 varsity sports teams, known as the Explorers , compete in the NCAA 's Division I . La Salle is a member of the Atlantic 10 Conference (A-10) and the historic Philadelphia Big 5 , an informal association of Philadelphia sports programs. As

16875-726: The top 25 in all-time NCAA scoring - Lionel Simmons and Michael Brooks . It's also had three National Players of the Year - only Duke University and Ohio State have had more. La Salle's last successful run in the NCAA Tournament a surprising run in 2013 when La Salle went to the Sweet Sixteen as an underdog . The Explorers pulled off surprise upsets, beating ranked Kansas State and Ole Miss . La Salle also has an extensive history of players who played professional basketball, including Michael Brooks, (1980 College Player of

17010-465: The world such as a corporation, limited liability company, cooperative, business trust, partnership, private limited company, and public limited company. Much of what has been written about boards of directors relates to boards of directors of business entities actively traded on public markets. More recently, however, material is becoming available for boards of private and closely held businesses including family businesses. A board-only organization

17145-660: Was also during this era, in 1984, that La Salle was granted University status. In 2007, La Salle acquired the former Germantown Hospital, now West Campus, and constructed The Shoppes at La Salle shopping center across the street in 2008. The construction of the Shoppes at La Salle and addition of The Fresh Grocer ended a decades-long food desert in Germantown. In October 2015, La Salle inaugurated its first lay person and first woman president, Colleen Hanycz , former president of Brescia University College . In 2015, Hanycz led consolidation and prioritization efforts, ultimately firing

17280-1081: Was completed in Fall 2009 and a new business school opened in West Campus in January 2016. In the summer of 2016, McShain Hall in the middle of campus was torn down and replaced with more green space. The new quad was named after its donor, the Hansen family. A satellite campus and Conference Center in Newtown, Bucks County, Pennsylvania , the La Salle University Bucks County Center, offers graduate courses in various disciplines, undergraduate courses in nursing, and continuing education courses. The Conference Center comprises fifteen instructional rooms with seating capacities ranging from 20 to 40, along with four computer laboratories with 100 workstations. La Salle offers M.B.A. and Clinical-Counseling Psychology Master of Arts classes at

17415-555: Was completed in the Fall of 2006. In May 2007, the university purchased adjacent Germantown Hospital for $ 10 million. The 24 acres (97,000 m) acquired has become "West Campus", and increased the campus size by 25 percent. A $ 15 million shopping center and supermarket complex opened in Fall 2008 across from the Germantown Hospital. The Shoppes at La Salle was formerly home to the university's softball field and other recreational areas. The renovated Holroyd Science Center

17550-561: Was endorsed by the House of Lords in Quin & Axtens v Salmon [1909] AC 442 and has since received general acceptance. Under English law, successive versions of Table A have reinforced the norm that, unless the directors are acting contrary to the law or the provisions of the Articles, the powers of conducting the management and affairs of the company are vested in them. The modern doctrine

17685-518: Was expressed in John Shaw & Sons (Salford) Ltd v Shaw [1935] 2 KB 113 by Greer LJ as follows: A company is an entity distinct alike from its shareholders and its directors. Some of its powers may, according to its articles, be exercised by directors, certain other powers may be reserved for the shareholders in general meeting. If powers of management are vested in the directors, they and they alone can exercise these powers. The only way in which

17820-717: Was first located at St. Michael's Parish on N. 2nd Street in the Olde Kensington section of Philadelphia. La Salle soon moved to the building vacated by St. Joseph's College at 1234 Filbert Street in Center City, Philadelphia . In 1886, due to the development of the Center City district, La Salle moved to a third location, the former mansion of Michael Bouvier, the great-great-grandfather of Jacqueline Kennedy Onassis , at 1240 North Broad Street . Due to space constraints, in 1930 La Salle moved to its current campus at

17955-614: Was passed to allow the accreditation of private universities. The Akkreditierungsrat (Accreditation Council) evaluates applicants and issues recommendations to the responsible Austrian accreditation authority (the Austrian Federal Ministry of Science & Research). Accreditation by the council yields a couple of privileges: degrees issued by accredited private universities have the same legal status as those issued by state-run universities. Private universities can appoint or promote professors . Their students enjoy

18090-433: Was unable to be finished due to a lack of funds, and the college nearly closed in the late 1930s. The college's closing was prevented by a 75th Anniversary Fund Drive in 1938, spearheaded by Philadelphia businessman John McCarthy. Funds raised from this drive also enabled La Salle to purchase a tract of land to the east of 19th Street, where Philadelphia had intended to build a city college. La Salle nearly closed again due to

18225-541: Was withdrawn. In 2006, when the accreditation of Imadec University expired, the Accreditation Council rejected any renewal requests. Austrian law provides that private universities in Austria must use the term Privatuniversität ("private university") in their German names, although their formal names in other languages are not regulated. Thus, there is the possibility of private institutions employing

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