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8. The University Court may not delegate—
(a)its responsibility for ensuring the University remains solvent;
(b)the approval of strategic direction or significant policy matters affecting the University;
(c)the employment arrangements and monitoring of performance of the Principal;
(d)its role in relation to the variation, amendment or revocation of this Order;
(e)the approval of an annual business plan and annual budget;
(f)the approval of the strategy for risk management;
(g)the review and the monitoring of the management of the University and its performance;
(h)the approval of the University’s annual audited accounts; or
(i)any matter which is material to—
(i)safeguarding the property, assets or undertaking of the University;
(ii)approving any significant commercial activities involving the University;
(iii)establishing and monitoring systems of control and accountability within the University; or
(iv)strategy for establishing and monitoring of any entity with which the University is involved.
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Executive Note sets out a brief statement of the purpose of a Scottish Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Scottish Statutory Instrument accessible to readers who are not legally qualified and accompany any Scottish Statutory Instrument or Draft Scottish Statutory Instrument laid before the Scottish Parliament from July 2005 onwards.
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