The Advisory and Executive Committee shall consist of the President (chair), the Chancellor, the Vice Chancellor, the Secretary, the Treasurer and the Chair of the Committee on Governance and Nominating, all ex officio, and at least nine additional members of the Corporation of whom at least two shall be Fellows and three Trustees. The Chairs of the Committees on Academic Affairs, Budget and Finance, Campus Life, Facilities and Campus Planning, Risk and Audit, the Warren Alpert Medical School, Investment, Communications, Alumni and External Affairs, and Governance and Nominating shall always be among the members of the Advisory and Executive Committee. Three Fellows and four Trustees shall constitute a quorum.
Any member of the Corporation who is not a member of the Committee may attend any meeting of the Committee as a nonvoting observer.
The Committee shall meet regularly during the academic year. Special meetings may be called by the President or three other members of the Committee. Notice of the time and place of all meetings, except those held by adjournment, shall be given to each member by the President or the secretary of the Committee no fewer than twenty-four hours before the time set for the meeting.
At each meeting the President shall report upon the University.
The Committee shall advise the President on matters of University interest and exercise the powers of the minor quorum as provided in the Charter. It may transact any business of the Corporation except the location of buildings and the election of Trustees, Fellows, and the President. In addition to the powers of the minor quorum, the Committee, by action of the Corporation, is authorized to appoint professors.
The acts of the Advisory and Executive Committee shall be valid until the next meeting of the Corporation, and no longer unless approved by the Corporation.
The Committee shall be staffed by the Executive Vice President for Planning and Policy.