Much of the in-depth work of NYU's Board occurs in Board committees. The Board currently has 12 committees, each with a Board-approved charter outlining its duties.
All committee members are appointed by the Board.
The Executive Committee is vested with all the powers and authority of the Board, except that it may not take certain actions that by law may not be delegated to a committee (such as amending the University bylaws or filling vacancies on the Board or committees).
The Executive Committee is a forum where sensitive University matters can be discussed in a smaller setting. The committee also considers any business matters requiring Board action that must be decided before the next regularly scheduled Board meeting.
The Academic Affairs Committee meets with administrators, students, and representatives of the faculties and provides briefings to the Board with respect to academic matters. The committee often visits a different school or institute at each meeting and engages in a discussion about the school or institute and the opportunities as well as the challenges it faces. The committee makes recommendations to the Board for the conferment of honorary degrees and also recommends recipients of the NYU Albert Gallatin Medal.
The Alumni Affairs and University Life Committee discusses matters related to University alumni and University life and acts as a liaison between the Board and the Alumni Association. The committee addresses issues such as alumni programming and outreach, residential life, non-academic aspects of student life, career development, and connections between fundraising and alumni engagement.
The Audit and Compliance Committee assists the Board in fulfilling its oversight responsibilities with respect to financial reporting processes and controls, financial statements and audit reports of the University and its affiliates, the audit process, the University’s IRS Form 990, compliance and risk management work plans and reports, conflicts of interest, ongoing litigation, and information technology security and risks.
The Committee on Online Education and Technology assists University management in understanding and managing opportunities and threats related to online education and digital tools for teaching. The committee addresses issues such as NYU's development of online degrees, the competitive landscape, and new practices and opportunities presented by the changing digital environment.
The Compensation Committee reviews and approves the compensation of senior administrators and officers in accordance with best practices and applicable legal requirements including the Internal Revenue Code. It is advised in its work by an independent compensation consultant. The committee also reviews and approves any significant changes to the University’s benefits programs.
The Development Committee assists the Senior Vice President for University Development and Public Affairs in charting fundraising initiatives and offers advice on the creation and implementation of fundraising strategies. The committee is available to the SVP to provide strategic counsel and advice on how the University might more effectively reach prospective donors.
The Finance Committee reviews the budget of the University and its finances in general. This includes reviewing and providing recommendations to the Board regarding borrowings, operating and capital expenditure budgets, and plans and procedures for conserving and enhancing the facilities and assets of the University. The committee also oversees the investment and management of University retirement plans and post-retirement medical plans and University funds other than the combined endowment.
The Investment committee is responsible for overseeing the investment and management of the University’s combined endowment. The committee oversees the work of the Investment Office of the University, reviews and approves the University's endowment investment policy, approves the engagement of investment managers and other professionals, approves the asset allocation of the combined endowment and approves investments with specific managers, and reviews investment performance.
* Non-voting member