As a committee of the Board of Trustees of the University of Pittsburgh, the Risk and Compliance Committee shall assist the Board in fulfilling its oversight responsibilities with respect to the risks inherent in the business of the University and the control processes with respect to such risks; the risk profile of the University; the risk management, compliance and control activities of the University; the integrity of the University’s systems of operational controls regarding legal and regulatory compliance; and compliance with legal and regulatory requirements, including without limitation, with respect to the conduct of the University’s business.
The Risk and Compliance Committee has been granted by the Board of Trustees the authority to review any matter or activity involving risk management or compliance activities and to approve the retention of external professionals to render advice and counsel as needed. In fulfilling its oversight responsibilities, the Committee will perform duties and responsibilities as delineated in the Risk and Compliance Committee Charter.
LIAISON TO THE COMMITTEE
Mark Anderson (Executive Director of Enterprise Risk Management)
David C. Chavern