1.3 The Corporation

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The governing body of the Institute is a board of trustees known as the Corporation, over which the Chair presides. Its members include 75 distinguished leaders in science, engineering, industry, business, education, and public service. The MIT Corporation membership consists of no more than 25 life members, no more than 40 term members, five persons nominated by recently graduated classes, and eight ex officio members: the Chair, President, Treasurer, and Secretary of the Corporation, the President of the Association of Alumni and Alumnae of MIT, and three representatives of the Commonwealth of Massachusetts: the Governor, the Chief Justice of the Supreme Judicial Court, and the Secretary of Education.

Life members become life members emeriti (non-voting) at the age of 75, and many continue their active participation in trustee affairs.

The Corporation convenes four times during the academic year. Its structure consists of four standing committees: Executive, Membership, Audit, and Development; an Investment Management Company Board; the ad hoc Screening Committee for Nomination of Recent Graduates; and committees of annual recurrence: the Corporation Joint Advisory Committee on Institute-Wide Affairs (CJAC), and 31 visiting committees. Between quarterly meetings the Corporation functions through its officers and its Executive Committee.

The Corporation visiting committees are a part of the Institute's governance and are appointed for each academic unit and for certain of the other major activities of the Institute. These committees, whose members are leaders in their respective professions, make recommendations to the administration concerning departmental activities and, in turn, provide counsel to the departments.

Please refer to the Corporation website for additional information, including membership listings for the Corporation and its committees, the Corporation Bylaws, and the Acts and Resolves of the General Court of the Commonwealth of Massachusetts (the Charter of incorporation for the Institute).