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corporate governance

5.	 The Board has a system for effective consultation and decision-making with executive sessions and board meetings
         scheduled in advance, professional expertise advice available, internal guidelines and procedures for conduct of
         board meetings and obtaining board approvals via circulation, and a Trustees’ portal as a secured web-based
         resource centre for information relevant to the Board.

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

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

• 	 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.

NANYANG TECHNOLOGICAL UNIVERSITY AND ITS SUBSIDIARIES                                                                         21
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