Proposed governance principle and procedure for a university endowment fund

No doubt that endowment fund contributes much towards social and economic development in different societies.The same have been proved by University Endowment Funds (UEF) like the top ten UEF and others. This contribution on the society on high learning process is made possible through this fund und...

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Main Authors:	Anifowose, Mutalib, Hamdan, Hamdino, Annuar, Hairul Azlan
Format:	Conference or Workshop Item
Language:	English
Published:	Uitm Kedah 2018
Subjects:	HF5387 Business ethics
Online Access:	http://irep.iium.edu.my/68270/ http://irep.iium.edu.my/68270/6/68270%20Proposed%20governance%20principle%20and%20procedure.pdf

id	iium-68270
recordtype	eprints
spelling	iium-682702018-12-20T06:57:07Z http://irep.iium.edu.my/68270/ Proposed governance principle and procedure for a university endowment fund Anifowose, Mutalib Hamdan, Hamdino Annuar, Hairul Azlan HF5387 Business ethics No doubt that endowment fund contributes much towards social and economic development in different societies.The same have been proved by University Endowment Funds (UEF) like the top ten UEF and others. This contribution on the society on high learning process is made possible through this fund under a corporate structure that directs all its activities. Due to the importance of governance in any organization, hence this study aims to analyse current governance structure, specifically bord composition of the top five UEF. From it, sugeestions can be given for universies undertaking Islamic endowment fund for improvements so as to become much better in terms of perfomance through good governance structure. Data were retrived through content analysis from top five UEF reports. The study observed that there were two forms of board structure used on the governance of endowment funds at universities. These include single-tier and two-tier model. While the former comprises of a board that oversee the activities of the fund, the latter consists of board of trustee that formulate the policies and investment committee that executes the policies formulated. In either of the two model, the average size of the board is 9 members. The board comprises of male and female members and the meetings are held 4 times a year. Also, most of the funds engage in real estate business and most of the board members are professional finance experts. Based on the aforementioned, it is suggested that the management of the fund should be separated from the university management. Uitm Kedah 2018 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/68270/6/68270%20Proposed%20governance%20principle%20and%20procedure.pdf Anifowose, Mutalib and Hamdan, Hamdino and Annuar, Hairul Azlan (2018) Proposed governance principle and procedure for a university endowment fund. In: The 2nd Islamic Management Development Conference (IMDeC 2018) : The Evolution of Islamic Management, 27 & 28 June 2018, Kedah, Malaysia. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HF5387 Business ethics
spellingShingle	HF5387 Business ethics Anifowose, Mutalib Hamdan, Hamdino Annuar, Hairul Azlan Proposed governance principle and procedure for a university endowment fund
description	No doubt that endowment fund contributes much towards social and economic development in different societies.The same have been proved by University Endowment Funds (UEF) like the top ten UEF and others. This contribution on the society on high learning process is made possible through this fund under a corporate structure that directs all its activities. Due to the importance of governance in any organization, hence this study aims to analyse current governance structure, specifically bord composition of the top five UEF. From it, sugeestions can be given for universies undertaking Islamic endowment fund for improvements so as to become much better in terms of perfomance through good governance structure. Data were retrived through content analysis from top five UEF reports. The study observed that there were two forms of board structure used on the governance of endowment funds at universities. These include single-tier and two-tier model. While the former comprises of a board that oversee the activities of the fund, the latter consists of board of trustee that formulate the policies and investment committee that executes the policies formulated. In either of the two model, the average size of the board is 9 members. The board comprises of male and female members and the meetings are held 4 times a year. Also, most of the funds engage in real estate business and most of the board members are professional finance experts. Based on the aforementioned, it is suggested that the management of the fund should be separated from the university management.
format	Conference or Workshop Item
author	Anifowose, Mutalib Hamdan, Hamdino Annuar, Hairul Azlan
author_facet	Anifowose, Mutalib Hamdan, Hamdino Annuar, Hairul Azlan
author_sort	Anifowose, Mutalib
title	Proposed governance principle and procedure for a university endowment fund
title_short	Proposed governance principle and procedure for a university endowment fund
title_full	Proposed governance principle and procedure for a university endowment fund
title_fullStr	Proposed governance principle and procedure for a university endowment fund
title_full_unstemmed	Proposed governance principle and procedure for a university endowment fund
title_sort	proposed governance principle and procedure for a university endowment fund
publisher	Uitm Kedah
publishDate	2018
url	http://irep.iium.edu.my/68270/ http://irep.iium.edu.my/68270/6/68270%20Proposed%20governance%20principle%20and%20procedure.pdf
first_indexed	2023-09-18T21:36:53Z
last_indexed	2023-09-18T21:36:53Z
_version_	1777412880282419200

Proposed governance principle and procedure for a university endowment fund

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