University System of New Hampshire
System office | 5 chenell drive, suite 301, concord, NH 03301
The Audit Committee is responsible for the selection of external auditors; review of the results of the annual audit at least once a year with the external auditors; oversight of USNH's conflict of interest policies and related procedures; and coordination of the efforts of USNH Internal Audit, including review and acceptance of Internal Audit's budget, the annual audit plan and the results of completed audits in accordance with established USNH policy and RSA 187-A:25-a.
The Committee is composed of the Governor, ex-officio, and at least three other Board members, none of whom can be employees of USNH and each of whom possess general accounting, business and financial knowledge. At least one of the members has expertise in finance or accounting. The chair of the Financial Affairs Committee may be a member of the audit committee but may not be its chair.
The Educational Excellence Committee has the responsibility for, and makes recommendations to the Board on, matters relating to the coordination of policy and planning for operations relating to the mission of USNH, including but not limited to the following:
The Executive Committee includes the Chair and Vice Chair of the Board and typically includes Committee and Subcommittee chairs. It is responsible for development and coordination of long range planning, collective bargaining, Board Governance, evaluation and compensation of the key officers of USNH.
The Executive Committee generally acts to coordinate the work of the Board's committees for Programs and Services, Finance, Audit, and External Affairs as well as the work of the Student Affairs, Capital Projects and Human Resource Subcommittees. It is also authorized to act for the Board between meetings.
This special committee shall: (1) Establish performance goals and related metrics for each of the CEOs; (2) Undertake such further related tasks as may be requested by the Executive Committee.
The Finance Committee on Investments, established by state law, RSA 187-A:17, is composed of the Governor of the State of New Hampshire or his/her designee; three other members of the Board selected by the Board chairperson; and the Treasurer of the University System. The Committee has general responsibilities for the investment of funds of the University System in accordance with policies approved by the Board of Trustees. Specific responsibilities include the following:
The Financial Affairs Committee coordinates policy and planning for all financial matters of USNH. It shall consider all recommendations of the Chancellor and the Administrative Board of a fiscal nature that board policy directs to this Committee. Financial Affairs includes not only the operating and capital budgets of the University System, but all expenditures, revenues, fiscal commitments, property sales and acquisitions, or other transactions that affect the financial resources of USNH.
This Committee shall exercise the fiduciary responsibilities of the Board of Trustees requiring of the Chancellor such studies, reports, information, and recommendations as it may deem necessary for the proper and effective exercise of its responsibilities. Besides advising the Board on all policy matters related to financial affairs and carrying out all responsibilities with respect to USNH finance designated by existing policy, this Committee will support the long-range planning efforts of the Board by identifying financial resources available to meet the needs of USNH programs and services.
The Governance Committee shall have the responsibility for, and make recommendations to the Board on, matters relating to policies and procedures to enhance the quality, efficiency and effectiveness of the Board and other governing institutions of USNH, including but not limited to:
The Nomination Committee conducts an annual nomination and election process to inform, advise, and counsel the Board Officers on the appointment of committee chairs, vice chairs, and members; and advise the Board on matters relating to leadership succession.