Terms of Reference

The legal responsibilities of the Board of Governors are set out in Section 9 of The McMaster University Act, 1976.  While the President and senior administrative officers exert the central influence in policy as well as providing the dominant force in management under the authority of the Board, Board members play an important role in the governance of the University, since the Board is the legal owner and the final authority for the institution whose assets and operations the Board holds in trust.  Except for such matters as are assigned by the 1976 Act to the Senate, the government, conduct, management and control of the University and of its property, revenues, business and affairs are vested in the Board. In carrying out its financial responsibilities, the Board must accept full accountability for the finances of the University, including monitoring and authorizing the annual operating budget, prudent investments, and comprehensive fund-raising activities, as well as the obligation to ensure that financial assets are appropriately managed.  The Board receives nominations from the Senate with respect to the hiring, promoting and suspending of senior administrative and teaching personnel, and delegates the appointment, promotion, suspension or removal of all other officers, agents and employees of the University to officers of the University. The Board conducts its affairs by making by-laws, resolutions and regulations to supplement the Act. The composition of the Board of Governors is described in Section 8 of the University Act.