California State University system strongly criticized in audit
11.16.2007 | 0 Comments
The California State University system was strongly criticized for questionable executive compensation policies in a detailed audit released last week by the state auditor.
The report, entitled “California State University: It Needs to Strengthen Its Oversight and Establish Stricter Policies for Compensating Current and Former Employees” revealed no legal breaches but urged the CSU system to modify its employee compensation procedures and to make future decisions more transparent.
The 115-page audit concluded that the CSU has not developed an adequate central monitoring system to review compensation policies or measure the impacts of such payments on the system’s finances.