Council Meeting 4-2008

Meeting 4/2008 of the Monash University Council was held between 4.30 pm and 7.45pm on Monday, 14 July 2008, in A1.34 Clayfield Meeting Room, Ground Level, Building A, Caulfield Campus.

MINUTES

PART A

There were present:

Dr A Finkel AM, Chancellor, Presiding
Mr P Ramler AM, Deputy Chancellor
Dr L Rowe AM, Deputy Chancellor
Professor R Larkins AO, Vice-Chancellor and President
Mr J Bender
Mr Y Blacher
Ms L Boston
Professor C Bourke MBE
Mr S Buggle
Dr C Curwen CVO OBE
Ms P Hutchinson
Mr B Maxfield
Mr I Nethercote
Mr I Pyman
Professor T Sridhar
Dr C Williams
Dr J Zillman AO

In attendance were:

Professor S Fahey, Deputy Vice-Chancellor (International)
Mr P Marshall, Vice-President (Administration)
Mr R Fairchild, Vice-President (Advancement)
Mr D Pitt, Vice-President (Finance)/Chief Financial Officer
Mr David Pumphrey, Partner, Heidrick and Struggles for Item 2.2 Vice-Chancellor Search Process.
Professor Rae Frances, Dean, Faculty of Arts for Item 3 Report to Council by the Dean of Faculty of Arts.

Secretary:

Mr Tony Calder, Director, Executive Services

Observers:

Ms L Chatfield
Mr M Hilakari

1 PROCEDURAL MATTERS

1.1 Apologies

Mr Sumeet Katariya, Mr Peter Redlich and Ms Louise Adler were apologies.

Professor Edwina Cornish and Professor Adam Shoemaker were unable to attend.

1.2 Special Leave

Professor Jayne Godfrey had been granted special leave.

1.3 Starring of Items

Items 1.1 Apologies, 1.2 Special Leave, 1.3 Starring of Items, 1.4 Approval of Non-Starred Items, 2.2 Vice-Chancellor Search Process, 2.3 Appointment of the Dean, Faculty of Business and Economics, 2.4 Dean, Faculty of Information Technology - Extension to Current Appointment, 2.5 Dean, Faculty of Science - Extension to Current Appointment, 3. Report to Council by the Dean of Faculty of Arts, 4.1 Minutes of Meeting No 3/2008, 5.1 Chancellor's Report to Council, 5.2 Council Charter, 5.3 Annual Cycle of Reports to Council, 5.4 Terms of Reference of Standing Committees of Council, 5.5 Honorary Degrees Committee Report, 5.6 Queen's Birthday Honours, 6.1 Vice-Chancellor's Report to Council, 6.1.1 Review of the Higher Education Sector, 6.1.2 Review of the National Innovation System, 6.1.3 The Excellence in Research for Australia (ERA) Initiative, 6.2 Update on University 2008 Financials (May), 6.3 Progress Report on the IITB - Monash Research Academy, 6.4 Consolidated Risk Management Profile, 6.5 Sir John Monash Distinguished Professor, 6.6 Higher Education Endowment Fund briefing, 6.7 John Monash Science School Update, 8.1 Receipt of Report of Resources and Finance Committee, 8.2 European Molecular Biology Laboratory (EMBL) Australia 8.3 Proposed 2008 Course Fees: Domestic and International, 9.2 Academic Board Receipt of Report, 10 Equal Opportunity Committee 11 Gippsland Advisory Council, 12.1 Advancement Progress Report and 12. 2 Council Meeting Dates 2009 were "starred" for discussion.

1.4 Approval of Non-Starred Items

Council resolved on the motion of the Chancellor that all items on the agenda not starred be adopted without discussion, and the action recommended be taken or the information therein noted.

2 Business in-camera

2.1 Update on Impending Supreme Court Hearing

RESOLUTION CL4/2008/96

Council received the advice of the University Special Counsel.

2.2 Vice-Chancellor Search Progress

Mr David Pumphrey, Partner with Heidrick and Struggles, was in attendance for this item.

A folder of documents consisting of:

• Status Report on Vice-Chancellor Selection Process;
• copy of the media advertisement;
• short bio of the appointed external member Mrs Fiona Balfour;
• proposed timeline as at 11 July 2008; and
• Progress Report – Council update

was tabled at the meeting.

The Chancellor and Mr Pumphrey provided Council with an update on progress of the selection process.

RESOLUTION CL4/2008/97

Council noted the advice of the Chancellor and Mr David Pumphrey.

2.3 Appointment of the Dean, Faculty of Business and Economics

RESOLUTION CL4/2008/98

Council approved an offer of appointment for a period of five years as a Professor and Dean, Faculty of Business and Economics, as per the report of the selection committee, be made to the person named in the document.

For action or noting by: Vice-President (Administration), Director – Office of the Vice-President (Administration) and Divisional Director – Human Resources.

2.4 Dean, Faculty of Information Technology – Extension to Current Appointment

RESOLUTION CL4/2008/99

Council approved the extension of the current term of appointment of Professor Ron Weber, as Professor and Dean of the Faculty of Information Technology until 31 January 2011.

For action or noting by: Vice-President (Administration), Director – Office of the Vice-President (Administration), Divisional Director – Human Resources and Dean, Faculty of Information Technology.

2.5 Dean, Faculty of Science – Extension to Current Appointment

RESOLUTION CL4/2008/100

Council approved an extension to the current term of appointment of Professor Rob Norris as Professor and Dean, Faculty of Science until 31 December 2010.

For action or noting by: Vice-President (Administration), Director – Office of the Vice-President (Administration), Divisional Director – Human Resources and Dean, Faculty of Science.

Authorised observers were admitted to the meeting at this point.

3 Report to Council by the Dean of Faculty of Arts

Professor Frances expanded on the information provided in the agenda papers outlining areas where the faculty was both large and diverse yet a high achiever in research and education, an ‘early adopter’ of initiatives and an exemplar of organisational innovation and best practice.

After highlighting current and future challenges for the Faculty, Professor Frances outlined proposed initiatives that include the establishment of a Arts Faculty Advisory Board, publication of an Arts Faculty Magazine, an ongoing focus on improving educational activities, a continuing focus on staff development and recognition, strengthening the faculty’s financial situation, improving research outcomes and enhancing the faculty’s international activities.

Following the discussion, the Chancellor thanked Professor Frances for her presentation and commended the faculty staff for their achievements.

RESOLUTION CL4/2008/101

Council received the advice of Professor Rae Frances, Dean, Faculty of Arts.

For action or noting by: Dean, Faculty of Arts.

4 Confirmation of Minutes of Previous Meeting

4.1 Minutes of Meeting No 3/2008

RESOLUTION CL4/2008/102

Council confirmed the Minutes of Meeting No. 3/2008 held on Monday, 26 May 2008.

For action or noting by: Secretary to Council.

PART B STARRED ITEMS

5 Chancellor’s Business

5.1 Chancellor’s Report to Council

The Chancellor provided Council with an update on a range of matters including:

• his recent visit to Singapore to host a range of alumni functions;
• the recent Gala Dinner celebrating Monash’s 50th anniversary and the official launch of the fundraising campaign;
• a recent exposure at the Faculty of Pharmacy and Pharmaceutical Sciences to “Second Life Grid”, an IT based platform for interactive experience; he foreshadowed the enormous impact technology will have on education in the future;
• that Alumni relations are now managed internally; and
• a matter for future discussion – that each Councillor identify an area of the University where they would engage at a higher level.

RESOLUTION CL4/2008/103

Council received the oral report of the Chancellor.

5.2 Council Charter

During discussion Councillors suggested a number of amendments to enhance the Council Charter. Further, it was agreed that the Council Charter be reviewed annually.

The Chancellor thanked Mr Shane Buggle for leading the working group and he thanked Drs John Zillman and Charles Curwen for their contribution to the working group.

RESOLUTION CL4/2008/104

Council approved:

• the Council Charter subject to the amendments identified during the discussion; and
• that the Council Charter be reviewed annually.

For action or noting by: Mr Shane Buggle and Secretary to Council.

5.3 Annual Cycle of Reports to Council

RESOLUTION CL4/2008/105

Council approved the document ‘Planning for Future Meetings of Council’ subject to the inclusion of an annual review of both the Council Charter and the Delegations Matrix. For action or noting by: Secretary to Council.

5.4 Terms of Reference of Standing Committees of Council

Council discussed a range of matters relating to Committees of Council including:

• reformatted information on the governance framework of Committees of Council;
• the need to consider continuity in membership of Committees given the current restriction of one year terms;
• the membership of Honorary Degrees Committee needs to be updated;
• that the elected general staff member on Council is listed as an “External Member of Council” in the membership of Equal Opportunity Committee; and
• that a matrix of Councillor membership of Committees of Council be provided.

RESOLUTION CL4/2008/105

Council:

• noted the reformatted terms of reference document for Committees of Council;
• approved that Equal Opportunity Committee approve the terms of reference and membership of subcommittees reporting to Equal Opportunity Committee;
• approved that the Chair of subcommittees of Resources and Finance, if and when established, be appointed from the membership of Resources and Finance Committee; and
• referred to Membership Committee the following matters:
  • that Membership Committee consider the categories of Membership of Equal Opportunity Committee given that the elected general staff member is listed as an external member of Council; and
  • that Membership Committee consider the discussion at Council on the need for continuity of membership on Committees including a suggestion that 2 year staggered terms be introduced or alternatively that Membership Committee consider the issue of continuity when considering nominations for membership of committees.

For action or noting by: Secretary to Membership Committee.

5.5 Honorary Degrees Committee Report

Following discussion it was noted that the Secretary to Council would contact the Esquire Bedel and Director – External Relations advising them that Council encouraged the conferring of Honorary Degrees at public events or graduations wherever possible however on the occasions where the conferral is held at a private function that Councillors should be invited to attend the function.

RESOLUTION CL4/2008/106

Council:

• received and noted the report of the Extraordinary Meeting No. 1 of 2008 of the Honorary Degrees Committee held on Wednesday 7 May 2008.
• noted the award of an honorary degree made by the Committee as presented orally by the Chancellor, Dr Alan Finkel AM.

For action or noting by: Secretary to Council, Director – External Relations and the Esquire Bedel

5.6 Queen’s Birthday Honours

Council noted, with acclamation, the presentation of an Honorary Order of Australia (AO) by the Prime Minister to Tan Sri Dato Seri Dr Jeffrey Cheah Fook Ling.

RESOLUTION CL4/2008/107

Council noted with acclamation:

• Queen’s Birthday Honours awarded to people associated with Monash University as detailed in the paper provided; and
• the presentation of an honorary Order of Australia (AO) to Tan Sri Dato Seri Dr Jeffrey Cheah Fook Ling.

5.7 Membership Committee Report to Council

5.7.1 Membership of the Selection Committee for the next Vice-Chancellor of Monash University

RESOLUTION CL4/2008/108

Council noted the membership of the Selection Committee for appointment of the next Vice-Chancellor of Monash University.

5.7.2 Review of the role of University staff on Committees of Council

The Chancellor informed Council that the terms of reference for the review had been developed and agreed by members, that the Consultant had accepted the brief and his report should be submitted within the next two weeks.

RESOLUTION CL4/2008/109

Council noted that:

• the terms of reference for the review would be developed and distributed to members of Membership Committee for comment; and
• the Chancellor will approach a named consultant to ascertain his willingness to undertake the review.

5.7.3 Council Charter

RESOLUTION CL4/2008/110

Council endorsed the proposal to incorporate the approved Council Charter into the “Guidelines for Council Members”.

6 Vice-Chancellor’s Business

6.1 Vice-Chancellor’s Report to Council

RESOLUTION CL4/2008/110

Council received the Vice-Chancellor’s Report to Council.

6.1.1 Review of the Higher Education Sector

The Vice-Chancellor provided Council with an overview of the review including that several Monash staff had appeared before the Review Panel, that a discussion paper had been released and that any increased public funding would most likely be via the use of “mission based funding compacts”.

During discussion the Vice-Chancellor noted that the sector required increased funding via increased public funding or deregulation and that Monash’s submission to the review would propose an increase in public funding.

RESOLUTION CL4/2008/111

Council received the advice of the Vice-Chancellor.

6.1.2 Review of the National Innovation System

Council was advised that the Review of the National Innovation System was due to report later this year and that any increased funding was likely to be contingent on the development funding compacts.

RESOLUTION CL4/2008/112

Council received the advice of the Vice-Chancellor.

6.1.3 The Excellence in Research for Australia (ERA) Initiative.

The Excellence in Research for Australia Initiative, a successor to the Research Quality Framework had released a Consultation Paper. The initiative seeks to establish a better research quality assurance system based on metrics and expert review.

Council was advised that the Minister for Innovation, Industry, Science and Research had also initiated an inquiry into research training and research workforce issues in Australian universities.

RESOLUTION CL4/2008/113

Council received the advice of the Vice-Chancellor.

6.2 Update on University 2008 Financials (May)

Mr Pitt provided Council with an overview of the major financial indicators for May and June. Aspects of the financial statement discussed included:

• the forecast operating result for 2008;
• the June cash balance was down slightly compared to May;
• that a report on the “true operating result”, minus distorting factors such as the depreciation of large research grants, would be presented to the next meeting of Resources and Finance Committee; and
• the current level of commitments for future years for large grants received to date.

During the discussion a Councillor queried aspects of the level of current operating expenses and Mr Pitt was requested to contact the Councillor after the meeting.

RESOLUTION CL4/2008/114

Council received the financial report for the period ending May and June 2008.

For action or noting by: Vice-President (Finance).

6.3 Progress Report on the IITB – Monash Research Academy

Council was informed that the initiative was progressing well with approximately 19 students enrolled in PhD’s, final sign-off on the formal company structure likely to occur before the end of 2008 and the building to be financed by IITB with Monash contributing net present value over 20 years.

The Vice-Chancellor commended the efforts and contribution of Professor Tam Sridhar and Ms Loren Miller.

RESOLUTION CL4/2008/115

Council received the oral report of the Vice-Chancellor on the IITB-Monash Research Academy.

For action or noting by: Professor Tam Sridhar and Ms Loren Miller.

6.4 Consolidated Risk Management Profile

The Vice-Chancellor outlined to Council the risk management program implemented across the University including the need for all business units to have risk mitigation strategies in place for identified high risks.

Ms Penny Hutchinson, Chair – Audit Committee, informed Council that the risk management program had been in place for a number of years in both faculties and business units and each area identified and managed its own risk profile.

A Councillor requested that the Guidelines used by faculties and business units to identify and categorise risks be made available to Councillors.

RESOLUTION CL4/2008/116

Council received the Report titled “Consolidated Risk Summary June 2008” and noted the advice of the Vice-Chancellor.

For action or noting by: Secretary to Council and Secretary to Audit Committee.

6.5 Sir John Monash Distinguished Professor

The Vice-Chancellor commended the reappointment of Sir John Monash Distinguished Professors to Council and invited Council to approve the appointment of Professor Christina Mitchell as a Sir John Monash Distinguished Professor. Professor Mitchell has provided outstanding leadership to the School of Biomedical Sciences and is a stellar researcher in her own right.

6.5.1 Appointment

RESOLUTION CL4/2008/117

Council approved an offer of appointment as a Sir John Monash Distinguished Professor, for a fixed period of 5 years commencing with immediate effect, be made to Professor Christina Mitchell.

For action or noting by: Vice-President (Administration), Divisional Director – Human Resources, Senior HR Specialist Academic Appointments and Professor Christina Mitchell.

6.5.2 Re-appointments

RESOLUTION CL4/2008/118

Council approved an offer of appointment as a Sir John Monash Distinguished Professor, for a fixed period of up to 5 years commencing on 11 August 2008 be made to the persons named in the document.

For action or noting by: Vice-President (Administration), Divisional Director – Human Resources, Senior HR Specialist Academic Appointments, Professor Tam Sridhar, Professor Graeme Davison and Professor Max King.

6.6 Higher Education Endowment Fund briefing

RESOLUTION CL4/2008/119

Council favourably noted the university’s proposed HEEF bids.

6.7 John Monash Science School Update

RESOLUTION CL4/2008/120

Council received the advice of the Vice-Chancellor.

PART C ITEMS FOR APPROVAL OR INFORMATION

7 Matters arising from the Minutes (not dealt with elsewhere in the agenda)

8 Resources and Finance Committee

8.1 Receipt of Report of Resources and Finance Committee

Mr Paul Ramler, Chair, Resources and Finance Committee provided an overview of the report to Council. During discussion a member suggested that the discussion on the university’s 2009 cash flow projection should have been highlighted in section one for Council’s attention. During a discussion of the Unimutual Project, a Councillor requested that when exercising its fiduciary responsibility to minimise expenses that Resources and Finance Committee also take into consideration the cost impact the decision may have on the community.

RESOLUTION CL4/2008/121

Council received the Report of meeting No. 3/08 of the Resources and Finance Committee held at 8.00 am on Thursday 26 June 2008.

8.2 European Molecular Biology Laboratory (EMBL) Australia

During discussion Councillors noted advice that the proposal was dependant on government funding, that Monash received significant funding for ARMI from the State Government and that a response will be sought as to why EMBL Australia will be established via an unincorporated contractual joint venture.

RESOLUTION CL4/2008/122

Council:

1. Approved Monash University’s participation in the unincorporated joint venture that will formally establish EMBL Australia under the terms outlined subject to the funding agreement not committing the university to unapproved expenditure. The University Solicitor’s office to provide clearance of the Agreement.
   
2. Noted progress to date in the establishment of EMBL Australia as the entity that will coordinate Australia’s interaction with EMBL and its EMBL-related activities.
   
3. Received progress reports on this important initiative from Deputy Vice Chancellor (Research) as appropriate via the Resource and Finance Committee.

For action or noting by: Vice-President (Finance), Divisional Director – Corporate Finance and University Solicitor.

8.3 Proposed 2008 Course Fees: Domestic and International

During discussion Council received advice that the Vice-Chancellor’s delegation to adjust fees by 10% was a contingency to ensure that Monash fees were comparable to competitors.

RESOLUTION CL4/2008/123

Council:

1. Approved the ranges of proposed course fees as outlined.
   
2. Noted the anticipated impact of suggested fees as outlined in Attachments 1 and 2
   
3. Authorised the Vice-Chancellor to approve the detailed list of fees consistent with these ranges, as well as any adjustments to existing fees, plus or minus 10%.

For action or noting by: Vice-Chancellor, Vice-President (Finance) and Divisional Director – Corporate Finance.

8.4 Alternative Risk Financing: Unimutual Project

RESOLUTION CL4/2008/124

Council approved Monash University becoming a member of Unimutual Limited (subject to clearance of final agreements by the University Solicitor’s Office).

For action or noting by: Vice-President (Finance), Divisional Director – Corporate Finance and University Solicitor.

8.5 Receipt of Proceedings of Resources and Finance Committee

RESOLUTION CL4/2008/125

Council noted the Proceedings of meeting No. 3/08 of the Resources and Finance Committee held at 8.00 am on Thursday 26 June 2008.

9 Report of the Academic Board

9.1 Receipt of Report

RESOLUTION CL4/2008/126

Council received and noted the Report of Meeting 3 of 2008 of the Academic Board held on Wednesday 4 June 2008.

9.2 Establishment of the Centre for Multimedia Computing, Communications and Applications

RESOLUTION CL4/2008/127

Council established the Centre for Multimedia Computing, Communications and Applications.

For action or noting by: Dean, Faculty of Art and Design and Dean, Faculty of Information Technology.

9.3 Establishment of the Department of Architecture

RESOLUTION CL4/2008/128

Council established the Department of Architecture.

For action or noting by: Dean, Faculty of Art and Design.

9.4 Renaming of the Centre for Muslim Minorities and Islam Policy Studies

RESOLUTION CL4/2008/129

Council renamed the Centre for Muslim Minorities and Islam Policy Studies as the Centre for Islam and the Modern World.

For action or noting by: Dean, Faculty of Arts, Head - School of Political and Social Inquiry and Centre Director.

9.5 Master of Psychology /Doctor of Philosophy (MPsych /PhD) –Testamur to be awarded

RESOLUTION CL4/2008/130

Council approved use of the following names on the testamur for the MPsych /PhD practitioner/research degree:

• Master of Psychology (Counselling)/Doctor of Philosophy; or
• Master of Psychology (Educational and Developmental)/Doctor of Philosophy

For action or noting by: General Manager - Monash Research Graduate School and Manager – Graduations.

9.6 Victorian College of Pharmacy

RESOLUTION CL4/2008/131

Council made Statute 2.3 – The Faculties (Amendment no. 1 2008).
Council repealed Statute 2.14 – Victorian College of Pharmacy.
Council made the Faculties Regulations (Amendment no. 2 2008).
Council repealed the Victorian College of Pharmacy Regulations.

For action or noting by Dean, Faculty of Victorian College of Pharmacy and University Solicitor.

9.7 Discipline

RESOLUTION CL4/2008/132

Council made Statute 4.1 – Discipline.

For action or noting by: University Solicitor.

9.8 Miscellaneous Statutes Review 2008

RESOLUTION CL4/2008/133

Council made the statute entitled Miscellaneous Statutes Review 2008:

• Repeal of Statute 2.3.1 - The Subfaculties.
• Repeal of Divisions II and IV of Statute 2.5 - Committees, Boards of Studies and Institutes.
• Further amendments to Statute 2.5.
• Statute 3.5 – Administrative Staff. 
• Chapter 5 –The Library and Computer Centre.
• Statute 6.1.2 – Courses and Degrees.
• Repeal of Chapter 6B – Multi-faculty degrees.

For action or noting by: University Solicitor.

9.9 Governance – Membership of the Board of the Faculty of Law

RESOLUTION CL4/2008/134

Council appointed the following external members of the Board of the Faculty of Law, with a period of office from March 2008 – March 2011:

• The Hon Justice Shane Marshall
• Mr David Fanning
• Ms Kristine Hanscombe SC

For action or noting by: Dean, Faculty of Law and Secretary to Law Faculty Board.

10 Equal Opportunity Committee

Council noted the advice of Professor Colin Bourke on a range of matters including changes to the Equal Opportunity Act and the right of staff to request flexible work conditions, indigenous student recruitment and the need to review the range of equity based key performance indicators.

10.1 Receipt of Report of Equal Opportunity Committee

RESOLUTION CL4/2008/135

Council received and noted the Report of the Equal Opportunity Committee Meeting 02/08 held on Monday 2 June 2008.

10.2 Receipt of Proceedings of Equal Opportunity Committee

RESOLUTION CL4/2008/136

Council noted the proceedings of the Equal Opportunity Committee meeting 02/08 held on Monday 2 June 2008.

For action or noting by: Secretary to Equal Opportunity Committee.

11 Gippsland Advisory Council

Council received the advice of Mr Ian Nethercote noting that future issues for the Gippsland Advisory Council included the campus budget and completing the review of the governance framework supporting the work of the Advisory Council.

11.1 Receipt of Report of Gippsland Advisory Council

RESOLUTION CL4/2008/137

Council received and noted the Report of Meeting 3 of 2008 of the Gippsland Advisory Council held on 20 May 2008.

For action or noting by: Secretary to Gippsland Advisory Council.

12 General Business

12.1 Advancement Progress Report

A Councillor requested that future reports include data on the recruitment of indigenous students.

RESOLUTION CL4/2008/138

Council received the report titled Advancement Portfolio Progress Report.

For action or noting by: Vice-President (Advancement).

12.2 Council Meeting Dates 2009

During discussion it was proposed that:

• Councillors contact the Secretary to Council if the dates are unsatisfactory;
• that meeting 6/2009 be held in Australia to accommodate those Councillors who do not participate in the proposed visit to the South Africa campus;
• that Council, at a future meeting, have a discussion on the costs and benefits of visiting off-shore campuses.

RESOLUTION CL4/2008/139

Council approved, subject to the dot points above, the Council meeting schedule for 2009 as follows:

For action or noting by: Councillors, Secretary to Council, Senior Management and Secretaries to Standing Committees of Council.

12.3 Senior Appointments

RESOLUTION CL4/2008/140

Council noted that:

• the people named in the document have accepted the indicated offers of appointment, approved by the Vice-Chancellor and President.
• the people named in the document have accepted the indicated offers of appointment, approved by the Special Professorial Appointments Committee of Council.

For action or noting by: Manager – Senior Appointments.

12.4 Use of the University Seal

RESOLUTION CL4/2008/141

Council noted the report of the Vice-Chancellor dated 2 July 2008 on the affixing of the Common Seal to documents executed under Seal pursuant to Statute 8.1, Section 2.1.5.

12.5 Conferring of Degree of Juris Doctor

RESOLUTION CL4/2008/142

Council approved that the student named in the document be conferred with the degree of Juris Doctor - course code 3387.

For action or noting by: Manager – Student and Academic Services Faculty of Law and Manager – Graduations.

12.6 Posthumous Award

RESOLUTION CL4/2008/143

Council approved the proposal of the Acting Dean, Faculty of Business and Economics to confer a posthumous award of Bachelor of Commerce (Accounting and Finance) to the student named in the document.

For action or noting by: Acting Dean – Faculty of Business and Economics and Manager – Graduations.

12.7 University Testamur

RESOLUTION CL4/2008/144

Council:

1. approved the appropriate representation of the Coat of Arms as in the document presented, and
   
2. approved option 3, that the Coat of Arms on University testamurs be changed in accordance with (1) above.

For action or noting by: Director – External Relations, Esquire Bedel and Manager – Graduations.

12.8 Monash University Law School Foundation Regulations (Amendment No.1 2008)

RESOLUTION CL4/2008/145

Council made Monash University Law School Foundation Regulations (Amendment No.1 2008).

For action or noting by: University Solicitor.

13 Report of Audit Committee

13.1 Minutes

RESOLUTION CL4/2008/146

Council noted the unconfirmed Minutes of the Audit Committee Meeting 2/08 held on 26 June 2008.

13.2 Consolidated Risk Profile

RESOLUTION CL4/2008/147

Council noted that Audit Committee resolved, subject to some minor amendments to approve the Consolidated Risk Profile and recommend the document to Council.

14 Next Meeting

The next meeting of Council is scheduled to be held at 4pm on 25 August 2008 at the Monash University Club, Building 50, Clayton Campus.

Following the meeting dinner was held at MamaDukes, Building H Basement and Dr Abid Khan, Interim Director for Monash Centre for Nanofabrication gave an address to Council.

Further Information Inquiries about any of the business listed above, or on Council matters in general, may be directed to Mr Tony Calder, Director, Executive Services, Room GO6, Administration Building 3a, Clayton Campus, telephone 9905-2010 or via facsimile on 9905-5342.