We are an independent Corporation with exempt charity status formed under the Further and Higher Education Act 1992.
The Corporation is similar to a board of non-executive directors and made up of members from the business and local community, local authority, stakeholders, partners, staff and students. The Principal is a member ex officio and the only executive member. The Corporation Board is responsible for setting the College’s strategic direction and the Corporation is accountable for the use of public funds as well as a duty of care for the assets of the College. The powers and responsibilities of College Corporations are set out in the Instrument and Articles of Government. The Corporation also has to comply with the Financial Memorandum, Audit Code of Practice, Charities Act 2006 as well as general laws relating, for example, to equality, health and safety, freedom of information and employment.
As outlined previously, the Corporation’s statutory roles and responsibilities are mainly set out in the Instrument & Articles of Government. The Corporation is responsible for:
- Determining the education character and mission of the College and overseeing its activities
- Approving the quality strategy of the institution
- The effective management of resources to ensure the solvency of the College and safeguarding of its assets
- Approving annual estimates of income and expenditure
- Employing senior post-holders, including their appointment, determination of pay and conditions, etc
- Setting a framework for the pay and conditions of service of all other staff