Quality Assurance & Institutional Effectiveness
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.
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.