(a) acts for and on behalf of the University in the
exercise of the University's functions, and
(b) has the control and
management of the affairs and concerns of the University, and
(c) may act in
all matters concerning the University in such manner as appears to the Council
to be best calculated to promote the object and interests of the University.
(1B) Without limiting the functions of the Council under subsection (1A), the
Council is, in controlling and managing the affairs and concerns of the
University--
(a) to monitor the performance of the Vice-Chancellor, and
(c) to oversee the academic
activities of the University, and
(d) to approve the University's mission,
strategic direction, annual budget and business plan, and
(e) to oversee risk
management and risk assessment across the University (including, if necessary,
taking reasonable steps to obtain independent audit reports of entities in
which the University has an interest but which it does not control or with
which it has entered into a joint venture), and
(e1) without limiting
paragraph (e), to enter into or participate in arrangements or transactions,
or combinations of arrangements or transactions, to effect financial
adjustments for the management of financial risks, and
(f) to approve and
monitor systems of control and accountability for the University (including in
relation to controlled entities within the meaning of section 19A), and
(g)
to approve significant University commercial activities (within the meaning of
section 24A), and
(h) to establish policies and procedural principles for the
University consistent with legal requirements and community expectations, and
(i) to ensure that the University's grievance procedures, and information
concerning any rights of appeal or review conferred by or under any Act, are
published in a form that is readily accessible to the public, and
(j) to
regularly review its own performance (in light of its functions and
obligations imposed by or under this or any other Act), and
(k) to adopt a
statement of its primary responsibilities, and
(l) to make available for
members of the Council a program of induction and of development relevant to
their role as such a member.
(1) Without limiting the functions of the
Council under subsection (1A), the Council may, for and on behalf of the
University in the exercise of the University's functions--
(a) provide such
courses, and confer such degrees and award such diplomas and other
certificates, as it thinks fit,
(b) appoint and terminate the appointment of
academic and other staff of the University,
(d) obtain financial
accommodation (including, without limitation, by the borrowing or raising of
money) and do all things necessary or convenient to be done in connection with
obtaining financial accommodation,
(e) invest any funds belonging to or
vested in the University,
(f) promote, establish or participate in (whether
by means of debt, equity, contribution of assets or by other means)
partnerships, trusts, companies and other incorporated bodies, or joint
ventures (whether or not incorporated),
(h) establish and maintain branches
and colleges of the University, within the University and elsewhere,
(i) make
loans and grants to students, and
(j) impose fees, charges and fines.
(2)
The functions of the Council under this section shall be exercised subject to
the by-laws.
(3) Schedule 2 has effect in relation to the investment of funds
by the Council.