Committee on Financial Affairs
C. Michael Petters, Chair
Robey W. Estes, Jr., Vice Chair
Thomas K. Norment, Jr.
John P. Rathbone
David H. Feldman, faculty representative
Terra M. Sloane, student representative
Michael Todd
The Committee on Financial Affairs considers and makes recommendations concerning the financial affairs of William & Mary and the Virginia Institute of Marine Science, which include the submission and approval of all budgets, and the administration of the financial policies and procedures established by the Board. The committee has power and authority, subject to the guidelines set by the Board, to invest and reinvest all funds held by the Board as an endowment or in trust for the uses and purposes of William & Mary, the Virginia Institute of Marine Science, and Richard Bland College, with the assistance of the University and College presidents. The committee may direct and control the handling of investments by an investment counsel or depository agent at any time employed by the Board. The Rector may appoint a faculty member and student to the positions of non-voting faculty and student committee representatives. The Executive Vice President of Administration and Finance staffs the committee.
