University of Vermont

Enterprise Risk Management

ERM Executive Committee

President's Advisory Committee on ERM

The President’s Advisory Committee on ERM is a standing committee appointed by the President. The Committee is advisory to the President and UVM’s senior management.

Roles & Responsibilities

  • Provide broad management perspective on institutional risk and opportunity and ensure engagement in ERM at the senior executive level.
  • Oversee the development and implementation of an ERM program at UVM that continuously manages risks across the institution.
  • Recommend draft institutional risk philosophy to the President for discussion with the Board of Trustees.
  • Develop draft ERM policy for review and approval by the President.
  • Charge, appoint, and oversee the work of an ERM Advisory Committee (ERMAC). The President’s Advisory Committee may choose to delegate to the Chief Risk Officer certain authority and responsibilities for day-to-day direction of the ERM Advisory Committee.
  • Review, validate, and/or revise the institutional risk register and portfolio prepared by the ERMAC.
  • Refer newly identified risk issues or new initiatives that may pose risk to the responsible official or ERMAC for further assessment and development of recommendations as necessary.
  • Review the institutional risk portfolio with vice presidents, deans, and other senior officials, and with governance groups (when needed).
  • Make recommendations to the President regarding which risks or opportunities sufficiently impact the University’s strategic objectives to warrant development of enterprise-level response plans to manage those risks or opportunities and/or reporting to the Board of Trustees.
  • Assign key institutional risks to responsible officials for development of a written proposal for risk response.
  • Review proposed risk response plans for highest-level risks and align such plans with the University’s risk philosophy, strategic objectives, and budgetary resources.
  • Review quarterly and annual draft ERM progress reports to the Audit Committee or full Board of Trustees before they go to the President for final approval.

Committee Members

  • David Rosowsky, Provost and Senior Vice President (Co-Chair)
  • Thomas Gustafson, Vice President for Student & Campus Life (Co-Chair)
  • John Evans, Interim Vice President for Research
  • Richard Cate, Vice President for Finance
  • Christopher Lucier, Vice President for Enrollment Management

Non-Voting Members

  • Anna Drummond, Chief Compliance & Privacy Officer
  • William Harrison, Chief Internal Auditor

Committee Counsel

  • Francine T. Bazluke, General Counsel and Vice President for Legal Affairs

Support Staff

  • Mary Dewey, Director of Risk Management & Safety
  • Al Turgeon, Chief Risk Officer

Last modified August 23 2013 11:17 AM

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