Strategy and Risk Subcommittee

Purpose

The Strategy and Risk Subcommittee is responsible for advising the Vice-Chancellor’s Executive Committee (VCEC) on the development, assessment, and refinement of the Monash Group’s strategy, strategic plan, and strategic initiatives and management of the associated risks, ensuring alignment with Monash University's long-term objectives. It also monitors progress on the major initiatives outlined in the Implementation Plan to ensure progress towards the outcomes in the Strategic Plan (excluding major capital projects that have their own steering committee).

Responsibilities:

• Recommend for VCEC consideration the Monash Group forward strategic plan and variations thereto;
• Review, discuss, and endorse the annual Implementation Plan for VCEC consideration;
• Review and endorse portfolio plans for VCEC consideration;
• Advise VCEC on the Group Risk Appetite Statement and management of Group and operational risks relevant to strategic and operational plans, updating VCEC on potential impacts, emerging risks and opportunities, and recommending any changes to risk mitigation measures where necessary;
• Monitor the execution and progress of major initiatives outlined in the annual Implementation Plan to ensure that they are achieving desired outcomes aligned with the strategic plan, and advise on measures to mitigate significant risks affecting the successful implementation of those initiatives;
• Receive formal Post Implementation Review (PIR) reports from the responsible executive upon completion or transition to 'business as usual' status;
• Monitor performance against broad, whole-of-institution supporting plans (research plan, education plan, enterprise plan, international plan, inclusion plan, enabling plans), ensuring alignment with the strategic objectives of the Monash Group;
• Advise VCEC on opportunities for Monash arising from the Subcommittee’s consideration of strategy, planning, and immediate and emerging risk matters; and
• Advise VCEC on changes in University management policies and procedures, based on risk assessments.

The Subcommittee will operate proactively by prioritising elements that require further discussion or deeper analysis. This could involve adopting a workshop approach and engaging in robust discussions on the matters under consideration.

Meeting frequency:

Cadence of meetings will be at least once every six weeks. VCEC will be appropriately informed of Subcommittee key discussions and items requiring further consideration.

Membership:

In attendance:

• Ms Fiona Bygraves, Chief of Staff, Office of the Chief Financial Officer
• Mr Liam Sharp, Senior Executive and Communications Officer
• Dr Amanda Sampson, Interim Director of the Risk and Compliance Unit

Meeting dates for 2026

All submissions to Strategy and Risk Subcommittee should be prefaced with the one-page summary sheet.

Contact Information

Office of the Vice-Chancellor and President
Phone: (03) 9902 9851