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North Idaho College makes another pledge that its divided board of trustees will work to improve its rancorous, disruptive behavior, and that the college’s operations “continue to thrive even with board governance concerns.”
The suit contends that the board violated the terms of Swayne’s employment agreement by placing him on leave and asks the court to restore him to his position.
The letter also listed eight standards of accreditation NIC is, or appears to be, out of compliance with.
In December 2021, Moody’s revised the college’s rating outlook to negative while affirming its A1 issuer and A1 revenue bond ratings.
In a December 21 message, Moody’s Investors Service said the dysfunction of NIC leadership is endangering its public image and may possibly lead to a financial downturn this year, if the turmoil leads to a decline in enrollment or donations.