Governance

Sub-Committees of Council

Risk Management Committee

 

Composition:

Vice-Chancellor (Chair)
Registrar and Secretary
The Heads of Division within the University Registry (Director of Resources, Finance, Human Resources, Estates and Academic Secretary)
The Head of the Administrative Computing Unit
Member of the Audit Committee
Member of the Finance and Strategy Committee
Internal Audit (Uniac)

Other persons may attend meetings of the group by invitation.

Terms of Reference:

• To draft a risk management policy statement for the University
• To identify and evaluate, on an ongoing basis, the nature and extent of the risks faced by the University
• To give consideration to:
  • The extent and categories of risk which might be regarded as being acceptable for the University to bear;
  • The likelihood of such risks as may be identified materialising;
  • The University's ability to reduce the incidence and impact upon its business of the risks that do materialize; and
  • The costs of operating particular controls relative to the benefit thereby obtained in managing the related risks;
• To submit reports and advice on these matters to the University Council at least twice a year;
• To disseminate to staff of the University relevant information and advice regarding the management of risk.