Busitema University Fund (SMC) limited is a company limited by guarantee under the sole ownership of Busitema University Council. It was legally incorporated on October 3, 2018. The management of the company is vested in the Board of Directors duly appointed by the University Council.
The major objective of the company is to commercialize the assets of the university with the sole aim of raising revenues to subsidize government funding to the University. The company manages the University’s extensive assets which include; properties, projects and enterprises either directly or indirectly through subsidiaries.
The company is governed by the Board of Directors appointed by the University Council which comprises different qualification skills, experiences, and expertise, independent knowledge of the company and operating environment, all based on gender Diversity.
The hierarchy is as follows:
- University Council
- Board of Directors
University Council is the sole owner of the company and it function through one Board comprising three different committees
Board of Directors
The Board is responsible for the over role administration of the Company and ensuring due implementation of the objects and functions of the company. The Board of Directors comprises different stakeholders, among them prominent public and business individual, and are the representation of the University Council. The board functions through three different committees, among them are Planning and Investment Committee, Human Resource and Administration, and Finance Audit and Risk Committee.
Management of the Company
This is a composition of officers of the company appointed by the Board of Directors for the purpose of spearheading the strategic and administrative operations of the company.