FIJI NATIONAL UNIVERSITY 2018 COUNCIL
The role of the Council is to provide policymaking leadership and development of long term strategies for the Fiji National University (FNU) to achieve the objectives of the University, and in doing so, to maintain control over its assets, and establish high standards of ethical behaviour, robust corporate governance and risk management practices and procedures. The Council shall ensure that Management meets the interests of shareholders and meet the expectations and needs of customers, employees, suppliers and local, regional and international communities as provided for under the enabling decree. The Council is collectively accountable for maintaining established precedents of corporate governance practices, and all members are responsible for complying with their deemed legal and fiduciary obligations and duty of care.
The Council committees are mandated to advise the Council on issues pertaining to the respective and specific areas handled by the Committees:
FINANCIAL RESOURCES COMMITTEE
The Committee is primarily responsible for considering, reviewing and advising the Council on the development and implementation of the University’s Budgetary Plan. More specifically, the Committee shall:
Make recommendations or report to the Council on the following:
Monitor and report to the Council on:
HUMAN RESOURCES COMMITTEE
The primary role of the Committee is to advise and make recommendations to the Council on policy and strategic planning matters as they relate to Human Resources. In addition, the Committee shall:
PHYSICAL & VIRTUAL RESOURCES COMMITTEE
The Committee’s role is to provide a policy framework for the governance of all the University’s physical resources including its information and communications technology.
To achieve this, the Committee shall:
CORPORATE GOVERNANCE & STRATEGIC PLANNING COMMITTEE
The Committee’s key role is to advise the Council on matters relating to setting a strategic direction for the University through short to medium term planning for all aspects of the University.The Committee shall:
AUDIT & RISK COMMITTEE
The Audit Committee is appointed by the Council and is accountable to the Council. This committee is assigned the oversight of the financial reporting and auditing process, and the auditor’s major dealings within the Council will be ‘through’ the Audit & Risk Committee.
Roles and Responsibilities
The main responsibility of the Audit Committee via delegated authority from the Council is to apply an effective system of internal control and compliance and accurate external financial reporting, fulfilling its legal obligations in that respect, and for managing the relationships with the University’s external auditors. KPMG and Ernst & Young are currently the Company’s external-external and external-internal auditors respectively. At least once a year, KPMG and E&Y must meet the Committee. The Audit Committee should carry out the following responsibilities:
NATIONAL TRAINING AND PRODUCTIVITY CENTRE – ADVISORY BOARD
The NTPC Board is an appointment under the Decree: Section 35A(3) of the FNU Decree as amended, provides: (3) The Council shall establish a Board of the National Centre that shall consider and advise the Council on industry training needs.
Roles and Responsibilities
Specifically, the Board shall advise the Council on: