Page 21 - Nanyang Technological University

ON A RAPID RISE

CORPORATE GOVERNANCE

6. The Board evaluates and reviews its own performance and has appointed an independent third party to collate
and analyse the returns of the Trustees.

7. The Board delineates roles and responsibilities between Board and Management. All members of the Board,
including the Chairman, are non-executive with the exception of the President of NTU. This ensures Board
independence from Management.

8. The Board has a rotation plan for continuous self-renewal, with staggering of Trustees’ terms to ensure continuity.
There are policies and procedures for nomination and retirement of Trustees to ensure a formal board nomination
and election.

Board Committees

Eight Board Committees and one Advisory Committee have been established to support the Board. These are the
Academic Affairs Committee, Alumni and Development Committee, Audit and Risk Committee, Enterprise Committee,
Finance Committee, Investment Committee, Nominating Committee, Remuneration Committee and Campus Planning
Advisory Committee.

The roles of the Board and Advisory Committees are briefly described below:

• The Academic Affairs Committee provides oversight and policy guidance for and directly supports the academic
concerns of the University as well as the management of faculty and related matters.

• The Alumni and Development Committee provides oversight of issues relating to the advancement of the
University as a great university founded on science and technology and its relationship with its students, alumni
and external communities.

• The Audit and Risk Committee oversees the University’s internal controls, financial reporting and enterprise risk
management.

• The Enterprise Committee provides oversight and policy guidance for, and directly supports, the University’s
strategic directions and policies on innovation, technology transfer and entrepreneurship.

• The Finance Committee provides oversight of the financial management of the University.

• The Investment Committee oversees the management and investment of the funds of the University.

• The Nominating Committee nominates suitable persons to serve on the Board and committees.

• The Remuneration Committee provides oversight and policy guidance in employee compensation matters.

• The Campus Planning Advisory Committee provides oversight and advice on the implementation of the campus
master plan.

The Committees operate based on the principle of delegated authority from the Board and are required to observe their
respective Terms of Reference as set by the Board. The Terms of Reference of each of these Committees set out the
role, powers and rules applicable to these Committees. Where necessary, non-Board members who have expertise in
their respective fields are also co-opted to enhance the deliberations and decision-making process of some of the Board
Committees.

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