America’s Universities Need Serious Regulation

From a Wall Street Journal commentary by Arthur Levitt headlined “America’s Universities Need Serious Regulation”:

Americans who are rightfully appalled by the pusillanimous response to anti-Semitism on college campuses have been pulling their donations and calling for restrictions on anti-Israel student groups. Maybe those tactics will work. But in my experience, if you want real change in large and unwieldy organizations, you need to focus on fixing governance and assigning personal accountability. You need to regulate.

After the accounting scandals of the dot-com and Enron era, Congress passed laws requiring auditors to tighten their operations, establish clear boundaries between their consulting and audit businesses, and assume far more accountability than they had before.