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Amendment of section 11 of Act of 2018
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89. Section 11 of the Act of 2018 is amended by the insertion of the following subsections after subsection (1):
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“(1A) A governing body of a technological university shall—
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(a) promote the success (including academic success) and reputation of the technological university,
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(b) satisfy itself that appropriate systems, procedures and practices are in place—
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(i) to perform the functions of the technological university,
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(ii) for the internal performance management and accountability of the technological university in respect of—
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(I) the performance of its functions, and
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(II) the achievement of the objectives in the strategic development plan under section 18,
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and
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(iii) in order to implement, and report on compliance with, the policies (whether set out in codes, guidelines or other documents, or any combination thereof) of the Government or a Minister of the Government to the extent that those policies may affect or relate to the functions of the technological university,
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and
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(c) establish and implement arrangements for the management of the performance of the president.
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(1B) Without prejudice to the generality of subsections (1) and (1A), the governing body of a technological university shall perform the following functions with regard to the technological university:
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(a) approve expenditure for major capital and investment projects;
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(b) approve annual financial statements;
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(c) provide for and maintain a system of audit;
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(d) provide for and maintain a system of risk management;
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(e) provide for and maintain a system of quality assurance in accordance with the Act of 2012;
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(f) review and oversee the implementation of major plans of action and provide strategic direction;
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(g) delegate such functions as may be appropriate to the president;
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(h) manage the financial affairs of the technological university to ensure value for money and its financial viability;
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(i) account to An tÚdarás for funding provided to the technological university by An tÚdarás.”.
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