Responsibility and Governance
The Board of Trustees of the College has delegated to the Subcommittee on Investments the responsibility for management of the total endowment fund assets of the College
The Subcommittee on Investments shall discharge its duties solely in the interest of the Rhodes College Endowment and for the exclusive purpose of meeting the College’s financial needs. These duties shall be discharged with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims. Such a policy is mandated by prevailing law, tradition, and the legal concept of fiduciary responsibility for funds given to a college. In addition, the Subcommittee will conduct a thorough review of any person or entity providing services to the Endowment to avoid any potential conflicts of interest.
In effect February 14, 2008.
Vice President for Finance and Business Affairs.