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Corp. Executive Committee oversight responsibilities

§ 14.2.4 Except insofar as Section 1.1 specifies actions to be taken by the Corporation itself as a whole without any delegation, the Executive Committee shall discharge the authority of the Corporation described in Section 1.1. In discharge of such authority, the Executive Committee shall have responsibility for overseeing the general administration and superintendence of all matters relating to the Institute, including the:

(a) scope and excellence of the Institute’s educational and research programs;

(b) performance of the Institute’s administration;

(c) financial planning, annual operating budget including tuition and financial aid, capital budget, and debt policy of the Institute;

(d) investment of the Institute’s endowment and other financial assets and distributions from the endowment;

(e) construction, maintenance, and renovation of the Institute’s buildings, grounds, facilities, and utilities;

(f) acquisition, disposition, development, and management of the Institute’s real property;

(g) organizational structure of the Institute and the Institute’s policies, systems, and controls for operations, financial reporting, risks and risk-management, audit, legal affairs, and compliance;

(h) special contract services for the Federal government and other organizations; and

(i) approval of tenure decisions and approval of such faculty and staff appointments and salaries as the Executive Committee from time to time directs.

source: Corporation Bylaws. Emphasis By The Tech.