Enterprise Risk & Compliance Committee (ERCC)

The Enterprise Risk & Compliance Committee (ERCC) is charged with advancing the university’s mission and strategic goals by identifying, evaluating, and responding to enterprise-level risks and opportunities, while accounting for the university’s desired risk posture.

Mission Statement

The mission of the ERCC is to oversee the efforts of the Enterprise Risk Management (ERM) program, govern risks managed through this program, and make risk mitigation recommendations to the Chancellor and the Board of Trust.

Membership

The ERCC is made up of each Vice Chancellor and one delegate to represent each of the following areas:

Academic Affairs

Athletics

Division of Administration

Finance and VUIT

Communications and Marketing

Office of the Chancellor

Office of the General Counsel

Government and Community Relations

Investments

Development and Alumni Relations

People, Culture and Belonging

One Faculty Affairs representative

Meeting Cadence

Meetings will be held at least three times per fiscal year, in advance of each VU Board of Trust Audit Committee meeting.

Interim items requiring committee review will be addressed as appropriate.