Ohio Admin. Code 3339-1-03
Standing and special committees are appointed by the chair of the board of trustees. Each committee shall report its recommendations for action to the board of trustees. Each committee shall have a chair and vice chair.
The finance and audit committee (the "committee") is appointed by the chair of the board of trustees, with the primary function of assisting the board of trustees with its oversight responsibilities in the following areas:
The charter of the finance and audit committee is included in appendix A to this rule.
The committee shall consist of no fewer than four members, including at least one student trustee. The chair and vice-chair of the committee shall be a "financial expert," as that term is defined by the securities and exchange commission. One-third of the committee, but not less than two members, shall constitute a quorum for the transaction of business. The chair of the board of trustees shall appoint the committee chair and vice-chair.
The committee shall meet as often as it determines necessary, but no fewer than four times per year. The committee shall meet from time to time with the university's senior administrators, the internal auditors, and the independent auditors. The committee shall maintain written minutes of its meetings.
The committee shall make a report to the board of trustees at each regularly scheduled meeting. The committee shall submit any proposed changes to the committee charter to the board of trustees for approval. The committee shall annually review its own performance.
The academic and student affairs committee (the "committee") is appointed by the chair of the board of trustees, with the primary function of assisting the board of trustees with its oversight responsibilities in the following areas:
The charter of the academic and student life committee is included in appendix B to this rule.
The committee shall consist of no fewer than four members including at least one student trustee. One-third of the committee, but no fewer than two members, shall constitute a quorum for the transaction of business. The chair of the board of trustees shall appoint the committee chair and vice-chair.
The committee shall meet as often as it determines necessary, but no fewer than four times per year. The committee shall meet from time to time with the university's senior administrators. The committee shall maintain written minutes of its meetings.
The committee shall make a report to the board of trustees at each regularly scheduled meeting. The committee shall submit any proposed changes in the committee's charter to the board of trustees for approval. The committee shall annually review its own performance.
At the meeting in September of each year, the chair of the board of trustees shall appoint a member of the board of trustees (normally the chair of the board of trustees), and a second trustee to serve as appointed directors to the Miami university foundation board of directors, from January first to December thirty-first of the succeeding calendar year.
Any amendments to the Miami university foundation's code of regulations require the approval and consent of the board of trustees given by the affirmative vote of two third of all voting trustees.
Ohio Admin. Code 3339-1-03
Promulgated Under: 111.15
Statutory Authority: 3339.
Rule Amplifies: 3339.
Prior Effective Dates: 07/20/1979, 09/30/1999, 11/07/2003, 10/17/2007, 08/20/2008, 09/13/2012, 09/12/2013, 03/06/2015