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RISK MANAGEMENT COMMITTEE

The Risk Management Committee is responsible for overseeing the risk management process, ensuring that risks are identified, assessed, and managed effectively, and that risk information is communicated to relevant stakeholders.

Purpose

Chair

Members

Chancellor

Risk Owners:

  • Vice Chancellor Academic

  • Vice Chancellor Quality and Institutional Effectiveness

  • Vice Chancellor Research

  • Chief Operating Officer

Risk Reporters:

  • Representatives from the QA&IE Unit

  • Head of Finance

  • Head of HR

  • Head of Communication Department

  • Head of Learning Resource Center

  • Chair of Learning Resource Committee

  • A representative from Associate Deans Clinical

  • A representative from Thumbay Research Institute for Precision Medicine

Term of office

Two years (Renewable once)

Frequency of Meetings

The committee shall meet at least once a year, or more frequently if required.

Reporting to

Board of Trustees

Quorum

75%

Decision-Making & Voting Right

The committee adopts a collaborative decision-making approach. Every member has voting rights including students. A simple majority, defined as more than 50%, is necessary for the approval of any given decision.

Responsibilities

  • Oversee the risk management process, ensuring that risks are identified, assessed, and managed effectively.

  • Review and update the risk management framework and policies as necessary.

  • Monitor the effectiveness of internal controls and assess the impact of changes in the internal and external environment on risk.

  • Review and assess risk information provided by risk reporters.

  • Develop and implement risk mitigation strategies.

  • Report on risk management to the Board of Trustees.

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