NYU encourages a culture of conduct consistent with laws, regulations, and internal ethics and business policies by following recognized best practices for compliance.
The Audit and Compliance Committee of the Board of Trustees oversees the implementation and effectiveness of NYU's compliance program and monitors the University’s compliance with its legal, research grant terms and obligations, and regulatory obligations.
The University Compliance Steering Committee is responsible for approving the University’s ethics, compliance, and training priorities and has oversight responsibility for the University’s compliance efforts, including fulfilling these priorities. The members of the Committee are the Provost, the Executive Vice President, the Senior Vice President for Health, the Deputy President, the Senior Vice President and General Counsel, the Senior Vice President for Finance and Budget, the Senior Vice Provost for Academic Policies, and the Senior Vice Provost for Research.
The University Compliance Steering Committee serves as an open avenue of communication on compliance issues among senior management and with the various University Compliance Officers and the University’s Chief Compliance Officer. The Committee also advises the Chief Compliance Officer regarding compliance and related risk issues and programs to be presented to the Audit and Compliance Committee of the Board of Trustees.
The Compliance Officers / Enterprise Risk Management Working Group provides compliance leadership in the University’s academic and administrative units and ensures effective communication and collaboration among those responsible for compliance. The primary locus of compliance with applicable laws and regulations is in the academic and administrative units throughout the University, where the authority for policy development and the responsibility for implementation of compliance reside. The University Compliance Steering Committee has appointed the members of the Compliance Officers / Enterprise Risk Management Working Group.
The mission of the University Chief Compliance Officer and the Office of Compliance and Risk Management is to promote and support a working environment which reflects the University's commitment to the highest level of integrity and ethical standards. To carry this mission, they offer a variety of compliance and risk management services to the University community. The Office of Compliance and Risk Management is part of the Office of the President, and the President's Deputy is NYU's Senior Executive responsible for Compliance.
In conjunction with the University Compliance Officers / Enterprise Risk Management Working Group, the Chief Compliance Officer and the Office of Compliance and Risk Management provide the University Compliance Steering Committee with a comprehensive view of the University’s compliance activities and reports on compliance and risk management matters to the Audit and Compliance Committee of the Board of Trustees.