The Corporate and Academic Governance Framework can only be amended if the directors decide by a majority vote (to include the vote of at least one investor director) to make such amendments. In addition, the academic governance arrangements included within Section 3 of the Corporate and Academic Governance Framework can only be amended if the Academic Committee have been consulted in relation to a proposed decision of the directors to make such amendments.
Every two years there is an internal review of our corporate and academic governance arrangements. The Corporate and Academic Governance Framework is also reviewed to ensure any recommendations made through this internal review are addressed, and also to ensure the Corporate and Academic Governance Framework remains effective and fit-for-purpose.
Every four years, there is an external review and evaluation of our corporate and academic governance arrangements. On its own initiative, the Academic Committee can propose amendments to the academic governance arrangements included within Section 3 of the Corporate and Academic Governance Framework by making a recommendation to the Board of Directors.