FINANCE AND GENERAL PURPOSES COMMITTEE
Composition:
Eight (8) members - Being members of the Governing Body, or other persons, as decided by the Governing Body on the basis of recommendations from the Chairs' Committee.
Membership
- Mr Stephen Clark (Chair)
Mr Colin Carmichael
Mr David Kemp
Mr Tony McDonald
Mr Frank Martin
Mr Cedric Frederick
Mr Christopher Calcutt
Vice-Chancellor
Deputy Vice-Chancellor
Quorum:
Four (4) members - Three (3) of whom shall be Governors other than the Vice-Chancellor and the Deputy Vice-Chancellor
Reporting Relationships:
Reports to the Governing Body
Secretary:
The Clerk to the Governing Body
In attendance by invitation:
Strategic Director (Resources)
Director of Finance
Deputy Director of Finance
Frequency of meetings:
Normally three (3) times per annum
Terms of Reference
To be responsible for advising the Governing Body with regard to:
General
· the financial affairs of the University in accordance with all statutory requirements, the provisions of the Articles of Government, and the requirements of HEFCE;
· the strategic management of the University’s land and buildings;
· general oversight of the University’s employment policies and practices in accordance with all statutory requirements, the provisions of the Articles of Government, good practice, and within such national framework as may exist in relation to pay and conditions of service;
· the implementation of the Equal Opportunities Policy of the University which is consistent with the Mission Statement;
· the annual accounts of the student body (Students’ Union), and financial procedures underpinning these.
Specific
· the consideration of the University’s consolidated Financial Statements;
· the financial planning of the University, including the consideration of annual estimates of income and expenditure and, the periodic review of reports on performance against approved budgets and plans;
· the economic, efficient, effective and proper use of all resources of the University;
· the approval of financial regulations, policies and procedures;
These matters are, in practice, dealt with by the relevant Sub Committee.
Note:
In order to fulfil its remit, it is important that members of the Finance and General Purposes Committee should be given sufficient information concerning matters relevant to them.
P Bogle
Clerk to the Governing Body
Approved by the Governing Body 16/3/99
Membership list updated April 2010
