UH Regents establish task group on accountability

News Release from University of Hawaiʻi September 5, 2012

The Board of Regents today approved the formation of a special committee to evaluate the University’s operational and financial controls and oversight practices.

The Operational and Financial Controls Improvement Advisory Task Group consists of five regents and four professionals in the field of business, audit and accounting. The task group intends to have a report by the October 18 regents meeting.

The decision is a continuation of the board’s August meeting that focused on findings of the University’s internal investigation into the cancelled concert benefit for the Athletics Department.

“The fiscal and management oversight and responsibility for the University of Hawaii rests with us,” BOR chairman Eric Martinson said. “The regents agree we need to examine our fiscal and operational policies and exercise our fiduciary responsibility to put in place effective measures.”

Martinson noted calls for an investigation by the Legislature. Following an executive session, Martinson sent State Senator Donna Kim, chair of the Senate's Special Committee on Accountability, a letter detailing the formation of the board, and its charge.

During their meeting today at Windward Community College, regents approved a motion to make the task group report public at the same time it is presented to the board, and to establish clear procedures on individual responsibility and accountability.

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LINK: NOTICE OF INFORMATIONAL BRIEFING

A G E N D A

The purpose of this briefing is to review the oversight, accountability, and transparency of the operational and financial management of the University of Hawaii System, including but not limited to the University of Manoa Athletics Department

Only written testimony will be accepted.

In Person:	Deliver to Committee Clerk in room 210, State Capitol.
E-Mail:	Submit testimony to SCATestimony@capitol.hawaii.gov. (10MB limit)
Fax:	808-587-7205, or fax to 1-800-586-6659 (toll free for outside Oahu); 5 page limit

As they become available, the Informational Briefing Materials will be posted here.

If you require special assistance or auxiliary aids and/or services to participate in the informational briefing (i.e., sign language interpreter or wheelchair accessibility), please contact the Committee Clerk at (808) 587-7200 to make a request for arrangements at least 24 hours prior to the briefing. Prompt requests help to ensure the availability of qualified individuals and appropriate accommodations.

For further information, please call the Committee Clerk at (808)587-7200.

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