Ohio Admin. Code 3335-97-02 - Finance committee
(A) Responsibilities. The finance committee
shall, upon call of the chair of the committee, meet
to review and evaluate the financial results, plans, and audits of the
university Wexner medical center and its component entities for the purpose of
assessing the overall financial risks and capacities of the university Wexner
medical center and the congruity of the financial management, plans and
objectives of the university Wexner medical center. The committee shall be
responsible for: monitoring
reviewing
financial performance including achievement of financial goals and targets
approved by the university Wexner medical center board and university board of
trustees; reviewing and recommendation
of
making recommendations regarding the
operating and capital budgets to the university Wexner medical center board and
the university board of trustees; advising on the acquisition or sale of
property; construction, use, and allocation of
physical space and facilities and technology; advising on current and
future strategic business opportunities, including, but not limited to,
affiliations, partnerships, mergers, acquisitions, and other business ventures;
and other responsibilities as assigned by the chair of the university Wexner
medical center board.
(B)
Composition. The finance committee shall be composed of no fewer than five
voting members of the university Wexner medical center board, with at least
three members being university trustees; the university chief financial
officer; and such other members as determined by the chair of the university
Wexner medical center board.
(C)
Meetings. The committee shall meet at the call of the chair of the
committee, but not less than quarterly. A
majority of the voting members of the committee shall constitute a quorum.
Meetings shall be conducted in accordance with the state laws of Ohio and open
meetings laws.
Notes
Promulgated Under: 111.15
Statutory Authority: 3335
Rule Amplifies: 3335.08
Prior Effective Dates: 10/04/2013, 11/11/2020
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