Article V Other Committees of the Board of Trustees

1. Standing committees of the Board of Trustees shall include the following:

Committee on Academic Success;
Committee on Financial Success;
Committee on Operational and Institutional Success;
Committee on Student Success;
Committee on Governance; and
Such other committees as the Board may from time to time create.

2. The Board of Trustees may also create special committees from time to time for specific purposes assigned by the Board.

3. Members of standing and special committees shall be appointed by the Chair unless otherwise specifically provided by these Bylaws or by action of the Board.

4. The Committee on Academic Success shall have the responsibility to advise the President and the chief academic officer regarding matters concerning academic policy, the curriculum, and the faculty; review developments and trends in higher education; and assess the effectiveness of academic support services and programs; decisions on tenure and promotion for faculty.

5. The Committee on Financial Success shall have the responsibility to oversee the financial affairs of the College including the annual operating and capital budget processes, the investing of the College’s funds, fundraising in the capital markets, admission and enrollment, and the overall financial management of the College.

The Committee on Financial Success shall have two subcommittees:

• The Investment Subcommittee, which shall have the authority and responsibility for the investment and reinvestment of funds of the College, including oversight of the College’s endowment. The Investment Subcommittee reviews and makes recommendations to the Finance Committee on the College’s overall investment strategies, portfolio allocation and performance. The subcommittee shall make annually a full report to the Board of Trustees of all securities held by the College and of their value. Between meetings of the Board of Trustees, the Investment Subcommittee shall have the authority to act on behalf of the Board with respect to the management and asset allocation of the College’s endowment and other funds available for investment.

• The Audit Subcommittee, which recommends the independent financial auditing firm to be hired by the Board, receives and reviews the College's annual audit reports and other appropriate reports, and meets at least once a year with the accountants to review the scope and nature of the audit procedures and to review audited financial statements and other appropriate reports. Further, the Committee oversees the College’s risk management process and strategy and monitors the College’s conflict of interest policy and procedures.

6. The Committee on Operational and Institutional Success shall have the responsibility to oversee functions of the College imperative to maintain institutional effectiveness, including the College’s human-resources policies and practices, the marketing and communications programs, and the College’s fundraising and alumni-engagement operations.

7. The Committee on Student Success shall have the responsibility to advise the President and the senior administration on matters of student life; student retention; diversity, equity and inclusion; health and wellness; athletics; and student success and support. The Committee will also advise on programming to enhance the experience of all students on campus.

8. The Committee on Governance shall have the responsibility to nominate candidates for membership on the Board, for Board offices, and for emeritus status. The Committee will also develop and administer a program of orientation for newly elected Trustees, periodically review the Bylaws and governance documents, and consider changes and strategies to strengthen the performance of the Board. The Committee will evaluate nominations for persons to receive honorary degrees from the College.

9. The Chair and Vice Chair of the Board and the President of the College shall be ex officio members of all standing and special committees of the Board.