From WSJopinion: The Yale Board of Trustees must have forgotten that Yale’s motto is “Lux et Veritas”: “Light and Truth,” writes LannyDavis
Photo:Yale’s Latin motto is “Lux et Veritas”: “Light and Truth.” Yet the Yale Board of Trustees has acted in a way contradicting these two important values. The board’s May 24 decision to eliminate trustee nominations by alumni petition outside the board’s own processes is contrary to good corporate-governance principles, which aim to give all stakeholders a voice.
Making matters worse, the letter was borderline insulting. It offered no justification for the secretive, abrupt process of announcing a reversal of a policy that had stood for nearly 100 years. Why? Shouldn’t the trustees have explained the reasons why this decision had to be made hastily, without open debate, immediately ahead of the next annual round of trustee nominations?
In the late 1960s, I advised the Yale Commission on Alumni Affairs appointed by President Kingman Brewster Jr. That commission, which led to the establishment of the Association of Yale Alumni, issued a report promising alumni that the Board of Trustees would be open to their involvement and opinion and be as transparent as possible. Clearly this board violated these core values of that historic report.
Now is a bad time for Yale to join those who prefer fact-free decision-making in the dark of night. It’s not too late for a midcourse correction.
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