Higher Education leadership, governance and management specialists
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Get the news as it happens direct to your inbox. The Governance News Alert is a new service for Governors and those supporting governance in higher education. Our governance editor, David Williams, regularly posts summaries and links to the latest governance news and reports. Our alert lets you quickly see if the topic is of significance to you making sure you stay abreast of the news. Register here to join our Governance News Alert list.
The Leadership Foundation and the Committee of University Chairs have released a new Illustrative Practice Note (IPN) on the Prevent Strategy. The IPN offers practical advice and guidance to governing bodies on the assurances they need from the institution that it is meeting its statutory duties as defined under the Counter-Terrorism and Security Act (2015). Failure by an institution to meet its statutory duties, risks serious reputational damage.
The government has published a green paper on reforming corporate governance in the private sector. The paper deals with three issues, which have attracted recent public attention: executive pay; strengthening the voice of stakeholders at board level; and extending the corporate governance requirements currently applying to public companies to other ownership structures. Some of the issues discussed in the green paper are highly relevant to higher education providers.
Martin Lewis, the financial journalist, has drawn attention to the fact that student loans are exempt from the mainstream laws and regulation covering lending in the UK. Lewis believes this disadvantages students, and cites the government breaking its promise to annually up-rate the repayment threshold as a case in point. He calls on the Chancellor of the Exchequer to remedy the situation in his forthcoming autumn statement.
The Higher Education Funding Council for England (HEFCE) has published its latest assessment of the financial health of English higher education institutions (HEIs). Based on data submitted in July 2016, and therefore not taking into account the full impact of the EU referendum, a number of disturbing trends are highlighted These suggest that some governing bodies may need to give further attention to the institution's sustainability.
A draft of a new governance code for charities operating in England and Wales has been issued. The code includes many of the features found in the higher education (HE) code of governance, but also includes some additional requirements. Although not expected to apply to the HE sector, the new code could influence future revisions to the HE code of governance.