Finance Committee

The Finance Committee is a Board committee whose members are SURA Trustees appointed to the Committee by the Board.

• Mohammad Karim, Old Dominion University, Chair
• Gil Brown, George Mason University, Special Trustee
• Francis Macrina, Virginia Commonwealth University
• Roger Stough, George Mason University
• Peter Bjonerud, SURA Chief Financial Officer and Corporate Treasurer, Staff Liaison

Responsibilities of the Finance Committee:

Responsible for the financial activities of the corporation including:

• Recommending approval and providing oversight of all budgets.
• Development and oversight of all investments.
• Development of appropriate spending guidelines.
• Evaluation/recommendation of major deviations from financial plans.

Act as Audit Committee of the Board:

• Select external auditors and review performance periodically.
• Receive and evaluate (with recommendations as appropriate) the annual audit of the corporation as prepared by external auditors.
• Initiate any special audit programs by the external auditor.
• Participate in the development of the annual internal auditor's program.
• Receive and evaluate (with recommendations as appropriate) the various internal audits.