Dec. 17, 2012
Northwest Board of Regents approves curriculum changes, authorizes University to refund bonds to reduce debt service
The Northwest Missouri State University Board of Regents during its regular meeting Friday, Dec. 14, approved numerous curriculum changes and authorized the University to refund bonds in an effort to reduce its debt service.
Among the curriculum changes, the Board approved a change in the admission requirements for Northwest’s Master of Business Administration program, which would allow students who have not earned a business degree at the baccalaureate level an alternative pathway for admission to the program. Currently, applicants to the MBA program must complete seven prerequisite courses, totaling 21 credit hours, to be eligible to enter the program. However, the new pathway would allow students to complete a single prerequisite course, worth nine credit hours and developed by Northwest faculty, that will cover fundamental concepts in accounting, economics, finance, management and marketing. Northwest Provost Dr. Doug Dunham noted the prerequisite course, which also will be offered online, makes the MBA degree a more viable option for non-business degree holders who otherwise might not have pursued an MBA.
The Board approved a change to the University’s supersede policy, which allows a student to repeat a course to raise his or her grade, as long as the student has not completed a more advanced course for which the repeated course is a prerequisite. The policy, which was limited to students who received grades of “D” or “F,” will now apply to students who receive a grade of “C” as well. Dunham told the Board that benchmarking of other Missouri institutions revealed Northwest’s supersede policy was the strictest and the revision provides students with the opportunity to master coursework content necessary for admission to teacher education and other professional programs.
Other curriculum changes approved by the Board included a package of classes, as part of a collaborative agreement among five Missouri universities, to help students achieve certification as an elementary mathematics specialist. The Board also approved the addition of two elective courses to the MBA curriculum, Advanced Marketing Communications and Innovation and Entrepreneurship, as well as the addition of Knacktive, formalizing it as a capstone course. Begun as a pilot course in the spring of 2011, Knacktive is an opportunity for select undergraduate students in the departments of business; communication and mass media; English and modern languages; fine and performing arts; and math, computer science and Information systems to work in diverse teams in a competitive environment to create an integrated marketing campaign for a contracted client.
In other business, the Board approved a resolution authorizing the University to issue and sell Housing System Refunding Revenue Bonds to refund a portion of previously issued bonds. The newly issued bonds, in an aggregate principal amount not exceeding $10,000,000, will provide funds to refund bonds issued in 2003 and 2006, fund a debt service reserve account for the bonds and pay costs incurred with the issuance of the bonds. Northwest Vice President of Finance Stacy Carrick said the current market conditions and low interest rates supported the refunding of the bonds in an effort to smooth future debt payments and reduce future interest payments.
The Board also approved updates to all University handbooks to include Title IX language that emphasizes Northwest’s commitment to maintaining an environment free from harassment, including sexual harassment and individuals will be subject to disciplinary action for violations of the policy.
The Board of Regents is responsible for sound resource management of the University and determining general, educational and financial policies.
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