1.1 The Executive Committee shall consist of the Chairperson and Secretary of the Board, and at least one other member selected by the Chairperson of the Board. The Chairperson of the Board shall serve as Chairperson of the Executive Committee except as provided in Chapter III.
1.2 The Executive Committee shall make recommendations on all such matters not specifically assigned to another committee. By an affirmative vote of a majority of the members of the Board at any regular or special meeting, the Executive Committee may be authorized to act finally for the Board on any matter submitted to it, provided a quorum of the members of the Executive Committee present and voting. For sufficient cause, when the Board is not in session, the Executive Committee shall act for the Board. Final action taken by the Executive Committee shall be reported to the Board at its next regular or special meeting. (revised: May 1996: Resolution No. 96.05/31)
The Audit Committee shall provide general oversight of external and internal auditing functions of the University, including review and approval of annual audit plans and staffing of audits, quarterly internal audit summaries, and University Audit Department follow-up. The committee shall also review the nature of any significant accounting and/or auditing problems, and make recommendations for changes to improve any practice or function under the committee's purview
3.1 Special committees may be appointed by the Chairperson of the Board and shall report to the Board with recommendations the committee or committees may wish to make on the subject involved. By an affirmative vote of a majority of the members of the Board, at any regular or special meeting, a special committee may be authorized to act for the Board. When so authorized, the action taken by the committee on behalf of the Board shall be by unanimous agreement of the committee members present and voting.
3.2 Special committees shall be considered discharged when the committee's work has been reported to and acted upon by the Board, and in any case all committee assignments terminate at the time of the organizational meeting of the Board held each year as provided in Chapter III, Section 1b.
The Chairperson shall appoint members of all committees for one year terms which run concurrently with the Chairperson's. The President of the University and all members of the Board of Trustees shall serve as ex-officio non-voting members of all committees.
adopted: 01/03/1996
