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home / governance / news archive / financial memorandum published

Financial Memorandum Published

HEFCE has published a new Part 1 Financial Memorandum with the institutions that it funds, following extensive consultation on a draft made available late in 2009.

The consultation process has covered concerns within the sector about the original proposals principally relating to the initial section on accountable officers; the coverage of corporate governance issues; the proposition on academic quality and standards; and the proposed framework for borrowing consents.

The new FM also reflects the requirements arising from HEFCE's role as principal regulator of HEIs as charities.

For regular updates on various matters governors may wish to join the HEFCE Governance e mail list.

Last updated: 13 July 2010