South Australian Consolidated Acts South Australian Consolidated Acts9—Council to be governing body of University
(1) The Council is the
governing body of the University and has the following as its primary
responsibilities:
(a)
appointing the Vice-Chancellor as the chief executive officer of the
University, and monitoring his or her performance;
(b)
approving the mission and strategic direction of the University, as well as
the annual budget and business plan;
(c)
overseeing and reviewing the management of the University and its performance;
(d)
establishing policy and procedural principles, consistent with legal
requirements and community expectations;
(e)
approving and monitoring systems of control and accountability, including
general overview of any entities controlled by the University (within the
meaning of section 50AA of the Corporations Act 2001 );
(f)
overseeing and monitoring the assessment and management of risk across the
University, including commercial undertakings;
(g)
overseeing and monitoring the academic activities of the University;
(h)
approving significant commercial activities of the University.
(2) The Council must
in all matters endeavour to advance the interests of the University.