Graces

Graces submitted to the Regent House on 25 April 2019

The Council submits the following Graces to the Regent House. These Graces, unless they are withdrawn or a ballot is requested in accordance with the regulations for Graces of the Regent House (Statutes and Ordinances, p. 105), will be deemed to have been approved at 4 p.m. on Friday, 3 May 2019.

1. Grace 1 of 11 January 2017 called for the University to divest its Endowment from companies whose business is wholly or substantially concerned with the extraction of fossil fuels. The Regent House notes that in its response to the Grace, the Council announced its intention to commission a report specifically into the advantages and disadvantages of the policy of divestment which the Grace supports.

The Regent House has not received such a report because the terms of reference of the Divestment Working Group (DWG) did not refer to advantages or disadvantages of divestment but asked for a broader consideration of the issues. The Council's response, published on the 20 June 2018 similarly did not weigh the advantages and disadvantages but rather stated the Council's opposition to a policy of divestment, and passed on to other matters.

The Regent House therefore directs the Council to produce a report to the University that will

1.set out fully the advantages and disadvantages, including the social and political ones, of a policy of divestment from fossil fuels,

2.assess the moral acceptability of a University committed to educating future generations, and whose core values include sustainability, benefitting from investments in fossil fuels that threaten that future,

3.provide costed estimates of the effects, positive and negative, on the performance of the University's investments of such a policy,

4.provide a full assessment of the reputational effects, positive and negative, of a policy of divestment,

5.provide, as requested by the Grace of 11 January 2017, costed details of possible strategies for how the University might divest from fossil fuels.

Such a report should be compiled with appropriate Regent House and student input. It should be completed within 6 months, or failing that an interim report with a detailed timeline to completion should be produced.1

2. That, in respect of any examination held in the Easter Term 2019,

(a)the Registrary may, notwithstanding the regulations for the publication of lists of successful candidates in examinations (Statutes and Ordinances, p. 252),

(i)accept and publish a list later than the latest day or time prescribed by Ordinance;

(ii)accept and publish a list that has been signed by a majority but not by all of the Examiners present;

(iii)accept and publish any amended list;

(b)the Examiners may, notwithstanding those regulations and the regulations for the examination concerned, include the names of some or all of the candidates under any of the following headings:

(i)Declared to have deserved honours: to be classified later.

(ii)Candidates successful in the examination: to be classified later.

(iii)Candidates on whom no decision has yet been reached because of insufficient evidence.

(iv)Candidates to whose names a distinctive mark may be attached in an amended list.2

3. That the Nanjing Professorship of Technology and Innovation be established in perpetuity, as noted in the General Board's Notice dated 22 April 2019.3

4. That, in the regulations for the Pembroke Visiting Professor of International Finance Fund (Statutes and Ordinances, p. 737), the Fund be retitled the Pembroke International Finance Fund, the regulations for the Fund transferred to Chapter XII of the Ordinances, Regulation 3 be amended and new Regulation 8 inserted as follows, with existing Regulation 8 renumbered as 9, and cross-references to the Fund and to numbered regulations updated:4

3. A Visiting Professor shall from time to time be elected by the General Board under the authority of Special Ordinance C (vii) B.1(c)(iv), on the advice of a Committee comprising the Master of Pembroke College or a member of the College's Fellowship Committee appointed by that Committee (who shall be Chair), the Director of the Judge Business School, one person appointed by the Faculty Board of Business and Management, a senior Fellow of Pembroke College nominated by the Master of Pembroke College and appointed by the College's Fellowship Committee, and one external member experienced in international finance co-opted for such periods as the Committee shall determine, up to a maximum of five years at a time.

8. The fourth charge on the income of the Fund shall be to support Pembroke Studentships in International Finance, to be awarded by the Managers of the Fund under such terms as the Managers shall determine.

Graces to be submitted to the Regent House at a Congregation on 27 April 2019

The Council has sanctioned the submission of the following Graces to the Regent House at a Congregation to be held on 27 April 2019:

That the following person be admitted to the degree of Doctor of Philosophy by incorporation:

1. Elizabeth Joan Howell, Fellow of Magdalene College, Doctor of Philosophy of the University of Oxford (2019).

That the following persons be admitted to the degree of Master of Arts under the provisions of Statute B II 2:

2. Mustafa Nabil Beg, Computer Officer in the Faculty of Music.

3. Peter Heinz, Associate Lecturer in the Faculty of Clinical Medicine.

4. Yvonne Nobis, Under-Librarian in the University Library.

E. M. C. RAMPTON, Registrary

END OF THE OFFICIAL PART OF THE 'REPORTER'