University Foundation Committee

The University Foundation Committee advises the University, decides on Foundation matters of fundamental importance pertaining exclusively to the University and supervises the activities of the Presidential Board of the Foundation. It has the following tasks in particular:

- Nomination or appointment and dismissal of the members of the Presidential Board of the University,
- Decisions on changes and charges to the basic assets of the Foundation as well as on taking up credits,
- Budget approval,
- Acceptance of the statement of accounts of the Presidential Board,
- Approval of annual accounts as well as exoneration of the Presidential Board of the Foundation,
- Endorsement to the founding of civil law companies or investing in such companies,
- Legal supervision over the University,
- Decisions on changes to the Foundation bylaws as well as orders, changes and repeal of other bylaws of the Foundation.
It can comment on the drafts of target agreements which the Presidential Board is to make with the Lower Saxony Ministry of Science and Culture ("Niedersächsisches Ministerium für Wissenschaft und Kultur" - MWK) (§ 60 Abs. 2 NHG).