Board Objectives
The Board has two primary objectives: (1) to oversee and assess whether SLAC is reasonably fulfilling critical contractual requirements and sponsor expectations and (2) to provide strategic recommendations and insight to SLAC and University leadership on SLAC institutional risks and opportunities, and on successful operation of the Laboratory.
Regarding the first objective, the Board contributes to thecontractor assurance function on behalf of Stanford in accordance with the requirements in the Management and Operating contract. This contractor assurance function oversees that SLAC has processes to reasonably manage and operate the Laboratory and that they are working as intended.
Regarding the second objective, the Laboratory presents to the Board or relevant committees its mission and operations strategies, progress against the strategies, and risks and mitigations in pursuit of the strategies. The Board assesses 1) the soundness of the strategies, 2) whether reasonable progress has been made, and 3) risks and opportunities the Laboratory should consider and address. The Board also provides visibility into SLAC’s potential and emerging risks and plays a key role in integrating SLAC into the University’s governance model as appropriate.