time.
•
Audit Committee: The Audit Committee shall be
composed of not fewer than five Trustees and as
ex-officio members the Vice President for
Administration and Finance, the Treasurer, the
Executive Director of Financial Operations and
the internal and external auditor. The Audit
Committee shall periodically appraise the
financial control and accounting systems of the
University and recommend any changes that it
deems appropriate or necessary; maintain an
ongoing analysis and review operating
statements and internal audit reports; recommend
annually the appointment of individual auditors
and submit them to the Board of Trustees with
recommendations for action; review the
proposed scope of any internal audits; annually
review and approve the audited financial
statements of the University; annually review
and approve the Management Letter provided by
the independent auditors; review relationships
among management and independent auditors;
and make recommendations to the Board of
Trustees with respect to each; review the
responses to the annual conflict of interest
disclosures; review the annual Form 990 filing;
and review management’s actions relative to
financial operations and control risks.
•
Administration and Finance Committee: The
Administration and Finance Committee shall
be composed of not fewer than five Trustees
and as ex-officio members the Vice President
for Administration and Finance, the Treasurer,
the Executive Director of Financial
Operations, and the Vice President for
Academic Affairs/Provost. The Committee of
Administration and Finance shall review the
annual budget and recommend its approval or
modification. Such review is to be made, with
recommendations submitted, prior to
compensation commitments to faculty and
administrative staff applicable to the following
academic year, The final budget for the
succeeding fiscal year shall be presented to the
Administration and Finance Committee and
the Board of Trustees for approval before the
fiscal year begins. The Committee shall be
kept informed of, consider proposals for, and
make recommendations with regard to the
general business affairs and financial
organization and operation of the University.
The Committee shall report its findings and
recommendations to the Board of Trustees or
the Executive Committee. The Committees
shall consider proposals for, and make
recommendations with respect to the location
of all buildings, facilities and related
appurtenances such as utilities, roads and
parking areas; care of the improvements of
grounds and major renovation work;
commissioning of project architects and engineers, and
approval of proposed contractors for construction and
other projects. The Committee shall have the authority to
accept and approve all new construction on behalf of the
University, but shall not incur any expense not previously
authorized by the Board of Trustees or the Executive
Committee. The Committee shall report its findings and
recommendations to the Board of Trustees or Executive
Committee. It shall be the responsibility of the Committee
to review the long-range technology strategy of the
University and plans for the Information Services
Division, review the status of the division’s operations
and services, and make recommendations regarding major
technology capital projects and expenditures and such
other responsibilities as fall within the purview of the
Vice President of Administration and Finance. The
Administration and Finance Committee shall have other
such powers and duties as may delegated to it by the
Board of Trustees from time to time.
• Compensation and Benefits Committee: The
Compensation and Benefits Committee shall
be composed of not fewer than five Trustees.
The Compensation and Benefits Committee
shall review and recommend to the Board
executive compensation, assuring that such
compensation is reasonable. The Committee
shall also review institution-wide employee
retirement, pension, health and other benefit
plans; to be advised of and monitor the options
available to employees in retirement and
pension plans; and be assured that employees
receive adequate education and advice
regarding the options offered them.
• Diversity, Equity and Inclusion: The
Diversity, Equity and Inclusion Committee
will consist of not fewer than five duly elected
trustees in addition to the Chair and Vice
Chair of the Board and the President of the
University who are ex-officio voting
members. The Vice President and Chief
Diversity and Inclusion Officer or their
designee will be staff to the Diversity, Equity
and Inclusion Committee. The Diversity,
Equity, and Inclusion Committee is to ensure
continuing Board and institutional progress
towards: (i) the diversity, equity, and inclusion
objectives of the University’s strategic plan;
(ii) the integration of diversity, equity, and
inclusion values in Board decision-making;
and (iii) the creation of a more diverse,
equitable, and inclusive campus culture and
climate for students, staff and faculty.
• University Advancement Committee:
The University Advancement Committee shall be
composed of not fewer than five Trustees and the Vice
President for University Advancement ex-officio. The
University Advancement Committee shall consider
proposals for, and make recommendations with respect to,
and assist the President in, the financial development,
fund-raising, and alumni affairs of the University, and
carry out other projects and assignments as directed by the