2016 Fact Book

33 Functions of the Board of Trustees I n accordance with the bylaws of Nova Southeastern University, the business and property of the university are managed by the NSU Board of Trustees consisting of the president and not more than 35 additional members. The committees of the Board of Trustees include the Executive Committee/Committee on Trustees, the Academic Affairs/Strategic Planning Committee, the Finance/Audit Committee (with subcommittees of Investment and Internal Audit), the Advancement Committee, the Governance Committee, the Research and Technology Transfer Committee, and the Building and Grounds Committee. The specific responsibilities of the board of trustees are • establishing the vision, mission, and core values, and ratify the educational policies of the university • acquiring, conserving, and developing the corporation’s and university’s resources, and in this regard, acting as custodian of all property of the corporation and university • electing the officers of the corporation • appointing and evaluating the university president and CEO • authorizing changes to and adopting an annual budget • approving the university’s development plans • approving the awarding of all degrees, based on the recommendations of faculty members and the president • accepting and administering gifts of land, bequests, trusts, money, stocks, and other property from public and private sources • upon recommendation of the president, establishing schools, centers, colleges, and divisions of the university • upon recommendation of the president, establishing university educational programs, courses, and curricula, and prescribing conditions of student admission, attendance, and discharge • accepting responsibility for monitoring the implementation of university policies • maintaining the role of the board as a policy- making body • accepting responsibility for monitoring that the financial resources of the institution are adequate for providing a sound educational program