VFM Sub-Committee, Goldsmiths, University of London

VFM Sub-Committee 2011-12

Parent body: SMT

SMT will review the composition and remit of the group from time to time to ensure it is best constituted to achieve the aims of the VFM Policy .

Terms of reference

1 To assist the Director of Finance in developing an agreed annual Value for Money (VFM) rolling programme and to comment on the VfM arrangements of the College as a whole.

2 To review progress against the VfM programme including the element delivered by Internal Audit.

3 To advise on developments which will assist in the promotion of VFM and ensure these are incorporated into the annual VFM rolling programme.

4 To help to embed a VfM culture, through VfM education and guidance.

5 To assist in ensuring that the College adopts good practice in its activities.

6 To assist in preparing the Annual VFM Report for presentation to the Audit Committee.

7 To consider any VfM reports from HEFCE, the National Audit Office, the internal audit service and any other relevant source.

8 To review the VfM Policy and make recommendations to the Director of Finance.

9 To look at the formation where necessary of cross-College working groups to investigate areas that offer potential in sharing best practice with regards to value for money.

10 To investigate the commissioning of a benchmarking framework.

The Group will be expected to produce, as a minimum, an annual report for SMT (via the Director of Finance) and must meet at least twice per annum.

Composition

Membership (ex officio members in italics)

Chair

Miss Sally Townsend

Permanent members:

Two Senior Members of the Finance Department

Ms Susan Carran
vacancy

Director of Quality, Planning and Academic Governance

Miss Rachel Soper

Director of Information Technology

Mr Basem El-Haddadeh

Director of Estates and Facilities

Mr Michael Dick

Rotating members (maximum 3-year term):

The Heads of two major service areas

Librarian (to 2014)
(Ms Mary Nixon, Librarian to February 2012; subsequently Dr Jacqueline Cooke (Acting Librarian))

Up to two Heads or senior members of academic departments

Professor Celia Lury (to 2012)
Professor Sanjay Seth (to 2013)

Two Departmental Administrators (from two different academic departments)

Mrs Lucinda Parr (to 2014)
Mr Jim Rowland (to 2014)

Student Union membership (1-year term): A full member of the Students' Union appointed by the Student Assembly or member of the Executive

Mr Graham Gaskell (to 2012)

Up to two coopted members
Dr Gareth Stanton (to 2014)

Committee System

VFM Sub-Committee 2011-12

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Composition	Membership (ex officio members in italics)
Chair	Miss Sally Townsend
*Permanent members:*
Two Senior Members of the Finance Department	Ms Susan Carran vacancy
Director of Quality, Planning and Academic Governance	Miss Rachel Soper
Director of Information Technology	Mr Basem El-Haddadeh
Director of Estates and Facilities	Mr Michael Dick
*Rotating members (maximum 3-year term):*
The Heads of two major service areas	Librarian (to 2014) (Ms Mary Nixon, Librarian to February 2012; subsequently Dr Jacqueline Cooke (Acting Librarian))
Up to two Heads or senior members of academic departments	Professor Celia Lury (to 2012) Professor Sanjay Seth (to 2013)
Two Departmental Administrators (from two different academic departments)	Mrs Lucinda Parr (to 2014) Mr Jim Rowland (to 2014)
Student Union membership (1-year term): A full member of the Students' Union appointed by the Student Assembly or member of the Executive	Mr Graham Gaskell (to 2012)
Up to two coopted members	Dr Gareth Stanton (to 2014)