Mark Anderson

The board approved revisions to the standing committees' terms of reference and the 2026 Capital Plan. Discussions included capital infrastructure status reports, an annual review of investment policies and procedures, and the Students' Union Quality Money Project. Members approved the internal restriction of net assets to support capital initiatives, as well as the annual consolidated financial statements and management discussion and analysis. The meeting concluded with updates from the President regarding university events, research achievements, and successful fundraising initiatives for student food security.

The Board meeting covered a range of institutional governance and operational matters. Key topics included the review and approval of the university's consolidated and capital budgets, revisions to policies and procedures for establishing and managing university policy, and the strategic closure of the Department of Classics and Religion. The Board also approved the budget for a new Biomanufacturing Facility and discussed proposals for the renaming of the Biogeoscience Institute to the University of Calgary Kananaskis Centre and the establishment of an Electricity Centre. Additionally, the President provided an update on institutional activities and survey results, and the Board reviewed the third-quarter status report on capital infrastructure projects.

The 'Ahead of Tomorrow' strategic plan for the University of Calgary outlines its direction toward 2030, emphasizing foundational commitments to Equity, Diversity, Inclusion, and Accessibility; Indigenous Engagement; Mental Health; Global Engagement; and Sustainability. Its mission is to drive positive change through excellence in innovative teaching and learning, cutting-edge exploration, and community linkage, aspiring to create a prosperous, compassionate, sustainable, and equitable world. Key strategies include increasing access to impactful education, leveraging research and innovation to address societal challenges, placing community at the core of all operations, and enhancing the clarity, simplicity, and effectiveness of university processes.

The board meeting agenda includes the approval of the University of Calgary's 2026 Capital Plan, the Internal Restriction of Net Assets, and the Annual Consolidated Financial Statements along with the Management Discussion and Analysis. Further items include reports from the President and various university associations, as well as an open consent agenda covering revisions to the Board Standing Committees' terms of reference, a capital infrastructure status report, an annual review of investment policies and procedures, and a status report on the Students' Union Quality Money project.

The Board of Governors discussed budget parameters for upcoming consolidated and capital budgets, considering provincial funding uncertainty and strategic priorities. The Board approved tuition and fees for the 2026-2027 academic year, along with residence, meal plan, and parking rates. Additionally, the 2025-2028 Investment Management Agreement was approved. The Board addressed reports from the President and standing committees. Significant focus was placed on approving additional funding for two capital projects: the QDiamond Project's qLab-South and the Heritage Medical Research Building and Health Sciences Animal Resource Centre, following construction tender cost overruns.