Corporate Governance Assurance

Council must report externally on a regular basis on a number of key aspects of corporate governance for which it is responsible.  This occurs principally through returns to HEFCE, and in the Corporate Governance statement which forms part of the published Financial Statements.

Audit Committee has an important role in reporting to Council on corporate governance matters, and its Annual Report to Council, which is received by HEFCE with the Financial Statements, must include specific assurances relating to risk management, measures to promote economy, efficiency and effectiveness, and data quality assurance.

Instruments of governance and policy documents specific to these areas of assurance include the following:

Risk management, control and governance

Risk Management Sub-Committee

Risk Management Policy (approved by Council 25 March 2010)
Risk Management Methodology

Data quality assurance

Council has approved the following policy documents relating to the quality assurance of structured datasets used to generate management information and external data returns. The External Data returns policy also contains a schedule of responsibilities for the returns referred to.  

Corporate Framework for the assurance of Data Quality  (approved by Council 25 March 2010)
External Data Returns Policy  (approved by Council 25 March 2010)

Economy, efficiency and effectiveness (value for money)

Value for Money Sub-Committee

VFM Policy [pdf]
VFM Methodology   [pdf]

The VFM Policy and Methodology were approved by Audit Committee in June 2010.

Compliance with the CUC Code of Practice on Governance

Summary of the College's compliance with the CUC Code of Practice