CAMPION COLLEGE BOARD OF REGENTS
POLICY: SIGNING AUTHORITY
CODE: 6.1.3
Date Initially Approved: May 22, 1986
Date Revised: May 13, 2009
Signing Authority Policy
1. Purpose
The primary purpose of this policy is to outline the Board of Regent’s approach to the delegation of signing authority with respect to the business operations of Campion College.
2. Background
Campion College was established by an Act of the Legislature of the Province of Saskatchewan effective December 15, 1917. In conjunction with the Act, Campion College has powers as conferred upon corporations by the laws of Saskatchewan as well as certain other powers (i.e. acquire and dispose of land, invest money, build buildings and borrow money).
To facilitate efficient and effective operations the Board of Regents delegates certain of its authorities to the management of Campion College. Having established itself as a policy board, it is necessary for the Campion Board of Regents to outline its approach to signing authorities within the College.
The delegation of authorities is an internal control tool based on appropriate segregation of duties or division of responsibilities. This internal control comprises policies, standards, procedures, and related activities planned, organized, directed, and monitored by management to ensure that public monies are appropriately disbursed and accounted for. Controls are adequate if management has planned and organized in a manner that provides reasonable assurance that related risks will be managed effectively.
3. Board of Regent’s Approach to the Delegation of Signing Authority
The Board of Regent’s recognizes the importance of having a well documented delegation of signing authorities for the College. Furthermore, as a policy board, it is the Board’s expectation that the President of the College have a formally documented delegation of signing authorities in place and that this be formally communicated to the Board of Regents.