The Executive Committee shall submit to the Board of Regents for its ratification at the next full Board meeting a complete record of all actions taken by the Executive Committee.
The secretary of the Board of Regents shall attend all meetings of the Executive Committee and shall serve as its secretary.
The Academic Affairs Committee shall be responsible for evaluating all recommendations coming to the Board of Regents affecting the academic and intellectual affairs of the University.
The President of the University shall appoint a member of the staff to serve as administrative agent to the committee.
The Finance & Audit Committee shall review, evaluate, and provide guidance on financial and administrative issues, including the biennial budget requests submitted to governmental agencies, the annual operating budget of the University for each fiscal year, and all other financial, administrative, and budgetary matters. The Committee shall also monitor the effectiveness of management's system of internal control to prevent and detect fraud; ensure open communications among management, internal auditors, external auditors, and the Board; recommend to the Board the external auditor; discuss the annual audit report and other external audit issues with auditors and appropriate staff members; present the annual financial audit to the full Board; and review the annual internal audit plan. The President of the University shall appoint a member of the staff to serve as administrative agent to the committee.
The Investment & Advancement Committee shall review, evaluate, and provide guidance on all matters related to investing, fundraising, development, and alumni, including providing leadership for the Board of Regents' fundraising efforts. The President of the University shall appoint a member of the staff to serve as administrative agent to the committee.
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The Executive and Audit Committee, shall also:
(h)→ Present the annual financial audit to the full Board;
Review the annual internal audit plan and discuss the extent to which it addresses high risk areas with President;
(j)→ Review and submit the Internal Audit Charter to the Board for approval on a routine basis to include changes needed to ensure that the audit function is complying with professional standards, best practices, and addressing emerging audit issues.
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Deleted: The Brand Identity and University Relations Committee shall review, evaluate, and provide guidance on all matters related to maintaining and promoting the brand identity and reputation of Kentucky State University. All brand identity and university relations administration, plans, go... [1]
Deleted: The Finance and Administration Committee shall review, evaluate, and provide guidance on financial and ... [2]