Consultants, trustees test enterprise risk tools in Minnesota State study session

Audrey Lindquist of Baker Tilly and John Regula, Baker Tilly managing director, led a study session on enterprise risk management for the Minnesota State Colleges and Universities System board, demonstrating a live collaboration tool and asking trustees to assess the system’s readiness across five oversight areas.

The session, presented as a facilitated workshop rather than an action item, aimed to clarify “the board’s responsibility for risk oversight,” show how an enterprise risk framework supports that role and surface opportunities to strengthen board reporting and monitoring, the presenters said.

Lindquist told trustees that a board’s “foremost duty is to safeguard and advance the institution’s mission, reputation and resources,” and said that duty requires balancing protection with taking strategic risks to…