The University of Auckland

“Powers to elect members of the governing body four members are appointed by the minister of education, four members are elected by the council, a member is elected by the students, a member is elected by the professional staff, and a member is elected by the academic staff. The vice-chancellor by virtue of his/her holding office as the chief executive officer of the university of auckland.”

“Form 990 review process the form 990 is prepared by an independent accounting firm with information provided by tax and finance compliance manager at uoa. The form is not reviewed by the council members, as all members are new zealand based. Prior to filing with the internal revenue service, the form is reviewed by the group financial controller and chief financial officer.”

“Conflict of interest the conflict of interest policy was approved in april 2021 and is due for review again in april 2026. The policy seeks to ensure that in decision making, exercising discretions in managing or making decisions and in their personal and professional capacities, university members are not conflicted in interest with, or in breach of fiduciary or good faith obligations to the university. Members subject to the policy includes all council members, members of committees and boards, staff members, honorary and adjunct appointees, students, contractors, subcontractors, consultants, associates and business partners of either the university or the university's subsidiaries. Conflicts reported by employee are reviewed by the line manager and reported to the university registrar, as appropriate. Conflicts reported by non-employees are disclosed to and reviewed by a senior officer of the university, such as the chair of the relevant committee, dean, or registrar. Once a conflict has been declared, dependent on the nature of the conflict of interest, that member may be withdrawn from involvement in the decision process or exercise of discretion on behalf of the university.”

“Process for determining compensation the vice chancellor's compensation is recommended by the council and is approved by the state services commission. The cfo and the senior management team's compensation is determined by the vice chancellor based on performance of the employee. The university has adopted and uses a job evaluation methodology from strategic pay, the largest new zealand based remuneration consultancy, to evaluate professional staff positions and set remuneration ranges. These job evaluation bands are linked to independent remuneration survey data compiled by strategic pay annually which enables the university to ensure that pay rates are competitive and fair when compared to the external market. The university's remuneration range for each job evaluation band is checked against this market data. The university will then make a decision to increase these ranges based on this comparison with the external market. The university makes the final decision on whether the ranges will change and will also take into to account wider external economic factors, such as the nz labour market, job market, and also internal financial factors such as affordability. The university undertakes this exercise and review ranges on an annual basis.”

“Governing documents the governing documents can be found in the university of auckland act of 1961 and the education and traininig act 2020. The organization's conflict of interest policy and financial statements are made available on its website.”

“Board composition and compensation the university's governing body is the council, which comprises elected staff; students and graduates; council appointees; and ministerial appointees. Some members of the university council are also employed as professors and staff of the university. These individuals are compensated for the services provided in their capacity as professor and are not compensated for their services as council members. Students are also compensated for their alternative employment on campus and not compensated for their services as council members. All compensation is negotiated at arm's length and is subject to review and approval.”

“Organization's mission (cont.) in carrying out this purpose, the university aims to develop the knowledge, understanding and talents of its students, foster the research and creativity of its staff, enrich the cultures and promote the prosperity of auckland, its region and the nation, and enhance knowledge in the various fields of its endeavor.”

“Program service description (cont.) the clustering of a wide range of disciplines enables students to take advantage of a liberal education alongside professional training, sometimes in conjoint degrees which cross faculty boundaries. The professional faculties are engaged in developing high level knowledge and skills that are critical in professional education and professional practice. Form 990, part v, line 1 & 2, part vii, section a & b: officers, highest compensated employees, and contractors activity of the university of auckland reflected in this form takes place exclusively in new zealand; there is no activity taking place in the us. All compensation paid to university employees reported in part vii was paid exclusively in new zealand; no compensation has been paid to any university employee in the u.s.”

“Fair value of cip 20,741,649. Intercompany eliminations 8,783,362. Gain/loss on cash flow hedges taken to equity -126,743. Difference in translation rates -292,361,510.”