The objective of the Audit Committee is to advise the Board on the group’s systems of internal control, risk management and (corporate) governance arrangements.
The scope of the Committee’s work includes working to continuously improve the effectiveness of the college’s internal controls and increasing public confidence in the objectivity and fairness of the Corporation’s financial reports and in the quality of the group’s overall corporate governance.
The Committee also advises the Board of the Corporation on the appointments of the group’s internal and financial statements auditors.
The work of the Audit Committee is undertaken through a schedule of reviews covering such as the group’s financial statements, the way in which the financial management process operates, student record information, franchising, and a range of other areas.
Click the following link for a full copy of the Committee Terms of Reference
Finance, Resources & Estates Committee
The role of the Finance, Resources & Estates Committee is to monitor the financial position of the group. The Committee meets bi-monthly to undertake this review.
In addition, the remit of the Committee extends to:
- Advising the Corporation Board on the annual budget and year-end accounts
- Making recommendation to the Corporation Board on capital expenditure, investments and borrowing
- Reviewing the group’s franchise arrangements
- Setting tuition fees
Click the following link for a full copy of the Finance, Resources & Estates Committee Terms of Reference
Click the following link for a full copy of the Terms of Reference for the Capital Project Board
The role of the Search Committee is to advise the Corporation Board on the appointment of new members to the Board. It also deals with the re-appointment of serving Board Members whose term of office is coming to an end.
The Committee treats appointments to the Board in the same way in which a vacant job within the group might be filled - the Committee places adverts, receives applications, interviews a short-list of candidates and makes a recommendation to the Board of the Corporation on appointments.
Click the following link for a full copy of the Search Committee Terms of Reference
Search Committee activities have been subsumed within full Board responsibilities for 2015-2016.
The objective of the Standards Committee is to advise the Board on matters of quality and standards.
The scope of the Committee's work includes a regular review of improvement strategies put in place, results achieved, verification processes, complaints and matters of discipline.
The Committee also advises the Board of the Corporation on the group’s annual self-assessment report and the performance of the college against national benchmarks.
The work of the Standards Committee is undertaken through a schedule of target setting and monitoring which covers all matters set out in the Terms of Reference.
Click the following link for a full copy of the Standards Committee Terms of reference