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1.02.017 Board Committee Charter - Operations and Risk Management

Category: STRUCTURE MISSION AND GOVERNANCE
Section: COLLEGE GOVERNANCE AND SPONSORSHIP
Approved: 2/19/2013
Approved By: Board of Trustees

The Operations and Risk Management Committee is a standing committee of the Board of Trustees.  It has responsibility for oversight and approval of College budget, including the annual external audit, establishment of policies ensuring adequate and appropriate fiscal controls; creation of a facilities master plan and a technology master plan, and formation of criteria for financial planning.  In addition, the Committee has responsibility for approval and oversight of policies guiding crisis response, disaster recovery, and loss prevention.

Responsibilities, Functions, and Powers

Reporting Relationship

Unless otherwise specified, the Operations and Risk Management Committee will be accountable to and make recommendations to the Board of Trustees for the Community College of Beaver County.

Composition

The Operations and Risk Management Committee shall be appointed by the Chairman of the College’s Board of Trustees.  The Committee shall consist of:

Meetings

The Operations and Risk Management Committee will meet at least twice annually or more frequently as required by the Committee’s functions.  The agenda will be formulated by the President of the College in consultation with the committee chairperson and will be distributed to all members of the Board of Trustees prior to the Committee meeting.

The Committee shall act by a majority vote of all its voting members.  The presence of a majority of the Trustees assigned to the Committee shall be necessary to constitute a quorum for the transaction of business.

Minutes will be distributed in the Board of Trustees meeting packet and to the Committee at least three days prior to the next meeting.