For the purposes of the law, the University Board is the management organ of the University.
University Board has the following responsibilities:
- framing the overall educational character and mission of the University including research, scholarship and teaching on the proposal of the Rector or Senate or otherwise having consulted with the Rector and Senate and overseeing its continuing activities;
- approving procedures for the appointment, assignment, grading, appraisal, suspension, dismissal and determination of the pay and conditions of service of members of staff and, according to the provisions of this Statute, approving senior appointments;
- the consideration and, as appropriate, approval of the annual estimates of income and expenditure and accounts of the University prepared by or on behalf of the Rector in a form approved by the University Board in accordance with law;
- putting in place measures to ensure the effective and efficient use of resources, the solvency of the University and the safeguarding of its assets including a risk management strategy.
- making plans for securing adequate resources from both public and private sources; including the establishment within the law of subsidiary companies to exploit commercially the academic work of the University;
- supervising the maintenance of accurate records of the income and expenditure of the University;
- approving a scheme for delegation of authority over resources and other administrative matters to the Faculties and other units of the University;
- arranging for financial audit as hereinafter provided for; and it shall be the duty of the University Board.