2007 Annual report (PDF 8.1 Mb) - University of Melbourne

Finance Committee
> oversight of financial risks of the
University
> oversight of University Companies and
other major incorporated entities; and
> Investment Management Committee
> oversight of the external placement of the
University’s investment portfolio.
A number of operational units have specific
risk mitigation programs, such as Property
and Campus Services, which oversees the
University’s environment health and safety
program. The University’s Compliance
Officer reports regularly to the University
Council on matters relevant to compliance
with the University’s statutory obligations.
The University has an integrated
strategic risk assessment model to
address University risks in addition to
those identified by the academic and
administrative departments and this now
forms part of the Annual Planning Cycle.
Under revised terms of reference the
University’s Risk Management Committee
monitors identification of strategic risks
and the implementation of action plans
developed to address risks with a high
residual risk rating.
University Business Operations – levels of financial and reputational risk
PRINCIPAL OBJECTIVES
LEVEL OF
FINANCIAL RISK
(HIGH, MEDIUM
OR LOW)
Low
LEVEL OF
REPUTATIONAL
RISK (HIGH,
MEDIUM OR LOW)
Low
Melbourne University Bookshop
To work closely with departments to supply students with teaching and text
materials to meet course and research requirements at affordable prices.
To maintain a high quality campus bookstore website and provide new services
electronically as they evolve.
To operate on a commercial basis and return a surplus to the University.
To develop new Australian writing by the presentation of first-rate productions of
new work, as well as by a program of commissions, workshops and dramaturgy.
Melbourne Theatre Company
Low
Low
To promote the development of an Australian repertoire.
To present first class and original productions of classic works from the past.
To operate on a commercial basis and as a professional theatre company.
Veterinary Clinic and Hospital
International House
Medley Hall
To provide teaching material for undergraduate and postgraduate students in
veterinary science.
To be a place of residence, education and corporate life for students and for the
purpose of encouraging international understanding and friendship among students.
To be a place of residence, education and corporate life for students and for the
purpose of encouraging understanding and friendship among students.
Medium
Low
Medium
W T Kendall Hall To be a residence for students in the third and fourth years of Veterinary Science. Low Low
Low
Low
Low
External Investments – levels of financial and reputational risk
PRINCIPAL OBJECTIVES
LEVEL OF
FINANCIAL RISK
(HIGH, MEDIUM
OR LOW)
LEVEL OF
REPUTATIONAL
RISK (HIGH,
MEDIUM OR LOW)
Universitas 21 LBG
To provide a pre-eminent brand for educational services supported by a strong
quality assurance framework.
Low
Low
To allow member universities to pursue significant global initiatives that would be
beyond their individual capabilities.
Universitas 21 Global Pte Ltd
(Joint venture between Universitas
21 LBG and Thomson
Learning)
To be an e-University that provides leading-edge access to educational programs
designed to meet the needs of the individuals and corporations in the information
economy of the 21st century.
To build academic programs that incorporate the traditions and strengths of its
founders and add the value of the internet as a powerful educational medium.
Medium
Medium
Universitas 21 Equity Ltd
To hold part of the issued share capital of Universitas 21 Global Pty Ltd (Joint
venture between Universitas 21 LBG and Thomson learning).
Medium
Medium
Bio21 Australia Limited
To develop and enhance the reputation of Victoria as a leading academic centre for
the advancement of knowledge in fundamental areas of biology, medicine, science
and technology.
Low
Low
In cooperation with other universities, other educational and scientific institutions
and other persons to conduct world class training, financially viable biotechnology
research and to facilitate the development and research and to facilitate the
development and commercialisation of the results of that research.