Some expenses and costs of the Governing Authority of UCD for the financial year ended September 2016 have been revealed. The expenses which were released in UCD’s Financial Statement for 2016 showed that expenses for the Governing Authority amounted to €23,626. An FOI obtained by the College Tribune has also revealed that the catering costs for all Governing Authority meetings between 2016 and 2017 amounts to €5,367.07. A total of 6 Governing Authority meetings took place between September 2015 and September 2016. The catering costs cover between 11-13 meetings in total.
The Governing Authority which was set up under the 1997 University’s Act aims to ‘guide the strategic direction of the University, with particular emphasis on overseeing policy, monitoring the performance of top management and working with the President to set UCD’s strategic aims.’ It has two long standing committees; the Finance, Remuneration and Asset Management Committee (FRAMC) and the Audit and Risk Management (ARMC). FRAMC advises the Governing Authority on the financial matters of UCD while ARMC advises it on audit and risk management matters.
Its current members were elected on the 1st of February 2014 and will sit until the 31st of January 2019. Current members include Registrar Prof. Mark Rogers, the President Prof. Andrew Deeks and the elected sabbatical officers from the UCD Student’s Union. The Minister for Education must also nominate three people to sit on the board as well as six people elected by the academic staff of UCD.
Rachel O’Neill – Editor