Board of Governors
The Board of Governors is the highest governing body of Bifröst University. Its members are appointed for two-year terms. Each of the following appoints one member and one alternate member:
- Municipality of Borgarbyggð
- University Council of Bifröst University
- Alumni Society of Bifröst University
- Federation of Icelandic Cooperative Societies
- Confederation of Icelandic Employers
Appointments are staggered, with three members appointed in one year and two in the following year. The majority of both members and alternate members must be neither students nor employees of Bifröst University. Members of the Board of Governors may not serve on the Council of Representatives.
Responsibilities
The Board of Governors oversees the University’s operations, finances and assets. In consultation with the Council of Representatives, it is responsible for the University’s strategic planning and makes final decisions on the establishment of new Faculties, other organisational units and funds. The Board also sets tuition fees for each academic year.
The Board of Governors appoints the Rector and determines the terms and conditions of the Rector’s employment. It approves the operating budget for the coming financial year and prepares the University’s annual financial statements. The financial statements are audited by a statutory auditor and submitted to the Annual General Meeting for approval.