Corporate
Governance
The Further and Higher Education Act 1992 requires that there should be a governing body for any college in the further education sector.
The governing body of a college is there to represent the interests of the local community in particular and public interest in general. It is there to oversee the way the college is run and to make sure it delivers what its community needs, in a way that reflects the highest professional and ethical standards, and makes effective use of the resources it has available. It is accountable for the financial solvency of the college, its sound management and the quality of the service it provides. It is also accountable for the proper use of the public funds entrusted to it and for the proper business management of the commercial activities of the college.
The governing body is there to:
- - ensure the college thrives as an organisation while maintaining prudent control of its funds and assets
- - make a significant contribution to what the college does to ensure the success of its students
- - help the college maintain a long-term focus while working on its shorter-term goals and plans
- - help the college respond to local requirements within the context of regional and national needs
- - ensure that the business aspects of a college operation prosper .
