College of Business and Economics | Annual Report 2024 FACULTY GOVERNANCE AND RISK MANAGEMENT Within the College, we have robust and wellfunctioning governance structures to ensure the academic integrity of critical decision making. The first line of defence is the staff, as all staff have a responsibility towards governance in their areas of responsibility. The governance function of the College is enhanced by the office of the Head: Quality Assurance. CBE has several governance structures in place to ensure academic oversight and programme quality. These committees comprise the College Leadership Team, Higher Degrees Committee, Teaching and Learning Committee, Research Ethics Committee, and Decolonisation Committee. The decisions of these committees are ratified and taken at the Board of College, and further inputs are made at the Programme Working Committee meetings and ultimately other university structures such as the Senate. In terms of risk management, CBE has a rigorous risk management process with the risks revisited frequently and ways defined to mitigate potential or identified risks. RESOURCE AND FINANCIAL MANAGEMENT CBE manages its finances transparently and prudently. This is fundamental to long-term sustainability, together with our efforts to generate additional income and contribute to the University’s resources. CBE’s financial position remains stable, and the College has increased its contribution to the third-stream income of the University, which includes income from research grants, consulting, and other non-traditional funding sources. CBE is well placed to continue to invest in its strategic priorities, such as the set-up of internal administrative structures to take care of UJ digital priorities. Further, it will continue to set aside funding to assist students who are academically deserving but cannot afford registration or carry historic debt. SOCIETAL IMPACT AND SUSTAINABILITY The CBE integrates its research, teaching, and community engagement with the United Nations Sustainable Development Goals (SDGs) to ensure activities drive meaningful societal change. Key initiatives included: Water sustainability: CBE provided a borehole for the institutional Gwakwani project. Sustainability focused research: The DSI/NRF Trilateral Chair in Transformative Innovation, the 4IR and Sustainable Development hosted a conference themed ‘Transforming Africa: Innovating our way towards sustainability’, bringing together leading experts to explore sustainable innovation. Prof Erika Kraemer Mbula 85
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