Having served for the governing board at the University of Colorado during a well publicized football scandal, I offer one bit of advice to the governing board and board staff at the University of Iowa-- have a plan in place for what you are going to do with the information from the investigation and then follow that plan to the letter.  Don't allow yourselves to be swayed by public input, emotion, or innuendo, but instead make your decisions based upon facts.  If you find yourself questioning what to do with the information, read your oath of office or your charge as a board and then lead your university. 

-- Teresa Valerio Parrot