Bloomsbury Institute is an unlisted private company limited by shares, incorporated on 14 August 2002 and registered at Companies House for England and Wales under Company Number 04511191.
As an unlisted private company limited by shares, the company is owned by shareholders and managed by directors (through a Board of Directors).
The shareholders and the directors may be different persons.
The Board of Directors can comprise both executive directors (who are also employed by the company to undertake a specific role, e.g. Managing Director) and independent non-executive directors (who are not employed by the company). The Board of Directors is unambiguously and collectively accountable for the company’s activities, and takes all final decisions on matters of fundamental concern within its remit. Subject to this, the Board of Directors can delegate its powers to committees and/or to an executive (i.e. management).
The Company Secretary is the chief administrative officer for the company.
The company is required to comply with the Companies Act 2006.
The company is required to have its own Articles of Association (i.e. the company’s constitutional document). The Articles set out, inter alia, the company’s objects and powers, and the rules that relate to how the company operates.
It is through the governance arrangements set out within our Articles and within the Corporate and Academic Governance Framework, that we have established a private company that will be significantly different to any other private company that delivers higher education.