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Enterprise Risk Management Mission

ERM Committees Mission

Enterprise Risk Management Executive Committee:

The Enterprise Risk Management Executive Committee maintains oversight of the overall Virginia State University risk management process and approves risk strategies. The ERM Executive Committee will receive and review recommendations from the ERM Advisory Committee, and provide recommendations to the University President.

Enterprise Risk Management Advisory Committee:

The Enterprise Risk Management Advisory Committee is a standing committee and its composition is determined by the Vice President of Administration and Chief Financial Officer. Members are appointed because of their functional or leadership roles within the University. The ERM Advisory Committee has no executive powers or supervisory functions. Rather, it will function in a review and recommendation role to the Executive ERM Committee.

Risk Management Sub-Committees:

The Risk Management Sub-Committee is a committee of selected managers of the respective departments and other members. The designated member of the ERM Advisory Committee will serve as the chair of the Risk Management Sub-Committees.