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Significant Changes to the Financial Memorandum

The HEFCE is proposing a number of changes to its Financial Memorandum with institutions in England, the most significant of which for governors appear to be reserving the right not to accept the nomination of an 'accountable officer'; adding to the list of responsibilities of governors; introducing an engagement letter for chairs; tightening the responsibility for data quality and introducing a requirement that governing bodies are able to assure themselves about the institution's academic standards.

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

Last updated: 9 January 2010