University of Excellence - fteval

Legal form
12. At all events the UoE should be under its own ownership and not exposed without
protection to any short-term interventions from outside. A foundation should therefore
be set up as a legal structure, the possible alternatives being a "(non-profit) private
foundation" or a "foundation in accordance with the Act on Foundations and Funds“.
12.1. The founders should at any rate come from three different groups in order to
lend the undertaking the necessary breadth and substance: local and regional
authorities, (Viennese or other) universities and private organisations and
individuals (companies, associations, private persons). The founders contribute
either large sums of money or other important resources and are the sponsors of
the University of Excellence.
12.2. The solution for the foundation must be chosen with a view to ensuring that
financing by private organisations and individuals can be handled as taxeffectively
as possible. Accordingly, a professional management team is also to
be provided for within the UoE to build up an endowment and solicit private
donations.
13. The foundation itself, in its turn, would be the sponsoring institution of a private
university established under the University Accreditation Act or a university
established on the basis of separate legislative authorization. It awards the academic
degrees and is the employer of the staff.
Management structures and organisation:
14. The founders appoint high-ranking personages and experts to the Board of Trustees,
whose competences should be set forth in the Foundation Charter and/or the
Memorandum of Association. Whether or not the Head of the Scientific Advisory
Board should also sit on the Board of Trustees is a matter for discussion.
15. The members of the Scientific Advisory Board are renowned foreign scientists. Their
principal tasks are organising evaluations and advising the UoE management on
questions of scientific strategy, as well as involvement in the recruitment of the faculty
in the UoE's early years.
16. The most important management function is that of Scientific Director / President.
He/she will be supported by "Vice-Presidents“, i.e. the Administrative Director and one
to two further Vice-Presidents who are members of the faculty.
16.1. The Scientific Director is of prime overall importance and will play an
especially important role in the UoE's early years. He/she is to be recruited at a
very early stage the highest international level. His/her functions comprise the
strategic and operative management of the UoE in all areas that are not within
the functional competence of the Administrative Director.
16.2. All further internal structures, organs and processes are not to be defined in
advance by the Memorandum of Association (“Stiftungsurkunde”) but developed
by the UoE itself in line with the principle of maximum possible flexibility.
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