Internal Control Steering Committee
Committee Composition
The ERM Advisory Committee is a standing committee that is chaired by member of the President’s Cabinet. The President and divisional Vice Presidents appoint the committee members, based on their leadership roles within the university and their unique experience and familiarity with internal controls, risk management, and legal and regulatory compliance. Membership will encompass a cross-section of leaders representing all major functional areas of the university.
Committee Member Term
Members shall serve a term of two (2) years, with reappointment subject to approval by the division executive and the Enterprise Risk Management Officer.
Committee Charge
1. Review campus audits and management letters; communicate same to responsible parties and executive management as appropriate; review subsequent action steps, timelines, and results in context of statutory and campus compliance; make recommendations as appropriate.
2. Promote a risk aware culture throughout the campus community.
3.Work with Subject Matter Experts (SME) within the functional areas to identify, assess and manage potential risks to the university.
4.Assist the SMEs in the assessment of the risks identified and offer recommendations to effectively mitigate those deemed as high risk.
5.Provide guidance and support to the campus on risk related matters.
6.Continuously assess and monitor the risk landscape, mitigation plans, and industry trends to ensure the college is proactively managing its risks.
Committee Charge 2022-2023
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