Accounting and Finance Advisory Council

The Accounting and Finance Advisory Council (AFAC) of the Reginald F. Lewis College of Business (RFLCB) at Virginia State University (VSU) is to bring an external perspective on the various internal and external strategies and operations in the RFLCB’s Department of Accounting and Finance (Department), to provide industry/government input on what may be happening external to the Department and to provide input and advice to the Department. 

Specific duties include but are not limited to:

  1. being a resource to the Department
  2. communicating significant developments in the marketplace pertinent to financial management,
  3. providing curriculum consultation
  4. affording students internships and/or job placement opportunities
  5. facilitating industry investments in the Department
  6. providing student project opportunities & or being visible to the students including but not limited to delivering guest lectures.  Additional duties shall regard cooperation with other College advisory boards.

Expectations

The AFAC serves in an advisory capacity to the Department.  The AFAC is expected to make recommendations and provide input on issues related to the Department and serve as ambassadors in the community and field experts in the classroom.

Composition

The AFAC shall be composed of no more than 21 members from industry, government, or academia, but who are not current employees of Virginia State University.

Appointment

In consultation with the AFAC members and Department faculty, the Dean of the College of Business will appoint new members to the AFAC as vacancies occur.

Term of Membership

Members shall be appointed to serve a term of 3 years to coincide with the Commonwealth’s fiscal year, that is, July through June.  Terms shall be staggered. 

Chairman

The AFAC shall elect from its membership a Chairman for a term of 2 years to convene July 1 and terminate June of the second year.  

Liaison

The Dean shall appoint 1 member to serve as a liaison to the College of Business Executive Council to facilitate communication and collaboration between the AFAC and Executive Council. 

Meetings

The AFAC shall meet at least 2 times a year as called by the AFAC Chairman in consultation with the Dean.  Additional meetings may be called as needed.  AFAC members, Department faculty/staff, and the Senior Development Officer assigned to the College of Business shall attend meetings.  Additional individuals may be invited to attend meetings at the discretion of the AFAC Chairman, Dean, Department faculty/staff.

Agenda

The agenda for the meetings will be prepared by the Chairman in consultation with members and Dean, and will be disseminated to all members at least 1 week prior to the meeting.