Review and Evaluation
Every two years we carry out an internal review and evaluation of our corporate and academic governance arrangements, co-ordinated and overseen by the Nominations and Governance Committee, to ensure there is compliance with: (i) the CUC ‘The Higher Education Code of Governance’ (on an “apply or explain” basis); and (ii) the Office for Students Regulatory Framework, Notices and Advice. This will include self-assessment by each body in the corporate and academic governance structure, and review of their terms of reference and membership.
As part of this internal review there is a review of the Articles of Association to ensure they remain effective and fit-for-purpose. Any amendments made to the Articles or the Corporate and Academic Governance Framework will follow the procedures set out in Regulations 140 and 147-148 of the Articles (and covered in Section 1.6 of the Corporate and Academic Governance Framework).
We commission an external review and evaluation of our corporate and academic governance arrangements every four years. The first external review took place in 2021, following an internal review that took place in 2020. The Report identified 12 examples of good practice, and made 7 recommendations. External review is managed for the Institute by the Nominations and Governance Committee.
We drafted an Action Plan that responded to each of the recommendations. The Report and the Action Plan were presented at a meeting of the Board of Directors on 14 July 2021, and the Action Plan was approved.
The Nominations and Governance Committee may propose minor modifications to the Corporate and Academic Governance Framework, including adjustments to committee compositions, for the approval of the Board of Directors and, where relevant, the Academic Committee.