Effective board governance structure for a University Endowment Fund

No doubt that endowment fund contributes much toward 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 to the society on high learning process is made possible through this fund und...

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Main Authors:	Hamdan, Hamdino, Anifowose, Mutalib, Annuar, Hairul Azlan
Format:	Book Chapter
Language:	English
Published:	Springer Nature Singapore Pte Ltd 2019
Subjects:	HB846 Welfare theory HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/74584/ http://irep.iium.edu.my/74584/ http://irep.iium.edu.my/74584/ http://irep.iium.edu.my/74584/1/74584_Effective%20board%20governance%20structure.pdf

id	iium-74584
recordtype	eprints
spelling	iium-745842020-01-28T01:18:46Z http://irep.iium.edu.my/74584/ Effective board governance structure for a University Endowment Fund Hamdan, Hamdino Anifowose, Mutalib Annuar, Hairul Azlan HB846 Welfare theory HG3368 Islamic Banking and Finance No doubt that endowment fund contributes much toward 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 to 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 the analyze current governance structure, specifically board composition of the top five UEF. From it, suggestions can be given for universities undertaking Islamic Endowment Fund for improvements so as to become much better in terms of performance through good governance structure. Data were retrieved 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 later consists of a Board of Trustees that formulate the policies and investment committee that executes the policies formulated. In either of the two models, 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. Springer Nature Singapore Pte Ltd 2019-07-11 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/74584/1/74584_Effective%20board%20governance%20structure.pdf Hamdan, Hamdino and Anifowose, Mutalib and Annuar, Hairul Azlan (2019) Effective board governance structure for a University Endowment Fund. In: Islamic development management: recent advancements and issues. Springer Nature Singapore Pte Ltd, Springer Singapore, pp. 3-17. ISBN 978-981-13-7583-5 https://link.springer.com/chapter/10.1007/978-981-13-7584-2_1 https://doi.org/10.1007/978-981-13-7584-2
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB846 Welfare theory HG3368 Islamic Banking and Finance
spellingShingle	HB846 Welfare theory HG3368 Islamic Banking and Finance Hamdan, Hamdino Anifowose, Mutalib Annuar, Hairul Azlan Effective board governance structure for a University Endowment Fund
description	No doubt that endowment fund contributes much toward 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 to 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 the analyze current governance structure, specifically board composition of the top five UEF. From it, suggestions can be given for universities undertaking Islamic Endowment Fund for improvements so as to become much better in terms of performance through good governance structure. Data were retrieved 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 later consists of a Board of Trustees that formulate the policies and investment committee that executes the policies formulated. In either of the two models, 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	Book Chapter
author	Hamdan, Hamdino Anifowose, Mutalib Annuar, Hairul Azlan
author_facet	Hamdan, Hamdino Anifowose, Mutalib Annuar, Hairul Azlan
author_sort	Hamdan, Hamdino
title	Effective board governance structure for a University Endowment Fund
title_short	Effective board governance structure for a University Endowment Fund
title_full	Effective board governance structure for a University Endowment Fund
title_fullStr	Effective board governance structure for a University Endowment Fund
title_full_unstemmed	Effective board governance structure for a University Endowment Fund
title_sort	effective board governance structure for a university endowment fund
publisher	Springer Nature Singapore Pte Ltd
publishDate	2019
url	http://irep.iium.edu.my/74584/ http://irep.iium.edu.my/74584/ http://irep.iium.edu.my/74584/ http://irep.iium.edu.my/74584/1/74584_Effective%20board%20governance%20structure.pdf
first_indexed	2023-09-18T21:45:34Z
last_indexed	2023-09-18T21:45:34Z
_version_	1777413426704809984

Effective board governance structure for a University Endowment Fund

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