University CouncilThe University Company, of which the Council is the Board of Directors, is empowered under the Bond University Act (Qld 1987 – 1989) to oversee the operational performance and to set the strategic direction of the University. The Constitution of Bond University Limited provides that the number of Councillors shall not be more than 10. There are currently 9 non executive Councillors, and the Vice-Chancellor & President who is an executive of the University. The remaining Councillors are all externally appointed on the basis of the skills and experience which they bring to the Council. Composition- Dr Helen Nugent AO, Chancellor
- Professor Tim Brailsford, Vice-Chancellor & President
- Ms Mary Bent PSM
- Ms Peta Fielding
- Professor Kwong Lee Dow AO
- Mr Ken MacDonald
- Mrs Lynda O'Grady
- Mr Tom Ray
- Mr Steven Sargent
- Professor Margaret Seares AO
The term of office is set out in the Constitution, all non executive Directors must retire no later than 3 years following their election. A Director may stand for re-election for one additional term.
The number of meetings and attendance at meetings by Councillors is set out in the Directors report. Directors’ IndependenceDirectors are considered independent of management if they are free of any business or management relationship that could be perceived to materially interfere with their exercise of judgment. Only one of Bond University Limited’s nine Councillors is an executive of the University. The remaining Councillors are all independent of any business or management relationship with the Company and, moreover, Councillors do not receive any directors’ fees and are only reimbursed for approved travel and out of pocket expenses. Conflicts of InterestDirectors are required to disclose, in accordance with the provisions of the Corporations Act, any conflicts of interest and to abstain from participating in any discussion or voting on any matter in which they have a material personal interest, unless the Councillors who do not have any material personal interest in the matter resolve that they are satisfied that the interest should not disqualify the Councillor from being present or voting. Corporate ReportingThe Vice-Chancellor & President and Chief Financial Officer have made certifications to the Board in respect to the financial accounts presenting a true and fair view of the operational results of the University and in accordance with relevant accounting standards, and on the basis of sound systems of internal control and risk management. Board Structure and EffectivenessIn accordance with the provisions of the Constitution of the Company, Council has adopted a set of policies and procedures which provide guidance on the attributes which should be sought when nominating Councillors. The collective skill sets which are considered desirable for the Council are: - (a) accounting
- (b) corporate
- (c) finance
- (d) legal
- (e) communications
- (f) technology
- (g) private tertiary education
- (h) general business or commercial
The intent is that the Council will be constituted so as to deliver a sound of those skills; that Councillors will be prominent in their respective fields of endeavour and that, by their appointment, they will enhance the reputation of the University in the wider community.
The Nominations Advisory Committee has followed these principles in nominating Councillors for appointment.
In 2005 Council conducted a self evaluation of its performance with individual Councillors providing their assessment both of the way in which Council and its standing committees function, and their own involvement. These evaluations were supplemented by the Chancellor meeting with individual Councillors. These evaluations are conducted at least annually.
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