IIT Madras Foundation Endowment-Governance & Control
Governance & Control
The Board of Directors of the Foundation has the ultimate fiduciary responsibility for managing the Endowment funds. The Board is advised by an Investment Committee consisting of volunteers with deep experience in asset management and financial markets. Investment decisions of the Board are made on the recommendation of the Investment Committee and executed by the officers of the foundation. All investments are managed by third-party managers and are custodied in the name of IITMF at reputed financial companies/banks. These investments are subject to an annual audit by a professional accounting firm.