Governance refers to the framework of rules, relationships, systems and processes by which an enterprise is directed, controlled and held to account and whereby authority within an organisation is exercised and maintained. It encompasses authority, accountability, stewardship and leadership, and direction and control exercised in any organisation.
The University is governed by its Council which is established by The University of Adelaide Act 1971. The Council has 16 members, is chaired by the Chancellor, and advised by its Standing Committees. The Council consists of external members, staff, students and graduates.
The Council's principal responsibilities include:
- appointing the Vice-Chancellor & President as the chief executive officer of the University and monitoring his or her performance
- approving the mission and strategic direction of the University, as well as the annual budget and business plan
- overseeing and reviewing the management of the University and its performance
- establishing policy and procedural principles, consistent with legal requirements and community expectations
- approving and monitoring systems of control and accountability, including general overview of any entities controlled by the University (within the meaning of section 50AA of the Corporations Act 2001)
- overseeing and monitoring the assessment and management of risk across the University, including commercial undertakings
- overseeing and monitoring the academic activities of the University
- approving significant commercial activities of the University.
The Council must in all matters endeavour to advance the interests of the University.
The Vice-Chancellor & President is responsible to the University's Council for the academic standards, management and administration of the University.