HSG to reinforce compliance and create more transparency
The University of St.Gallen (HSG) is taking various measures to reinforce compliance and create more transparency. On the one hand, the initialling process for expenses is clearly regulated in a new directive, and on the other hand, new expense regulations have been adopted. A fourth Vice-President will strengthen the President Board’s management capacities and specifically deal with the issues of compliance and the internal controlling system. An increase in transparency regarding outside activities will result from a central online register, which will be publicly accessible from summer 2019. Now, partnerships with third parties will already have to be disclosed from amounts of CHF 50,000 p.a. In the expenses case, the University’s Board of Governors has filed a criminal complaint against Prof. Dr. Dr. Peter Sester and discharged him from all his functions with immediate effect.